Credilio Launches “ Novio “ – Aims to Give the Benefits of a Credit Card to Every Indian

Fintech from Credilio unveiled Novio, an app to broaden the credit card landscape for over 400 million UPI active customers. End Quote

(1888PressRelease) September 18, 2024 - Fintech from Credilio unveiled Novio, an app to broaden the credit card landscape for over 400 million UPI active customers. The company said in an official statement that Novio aims to make financial inclusion and the credit card lifestyle accessible to every Indian family.

Novio has introduced a Guaranteed Card concept, allowing users to easily build their credit score. By booking a fixed deposit online, users instantly secure the SBM Credilio Credit Card with 1 percent unlimited cashback benefits. Customers can also earn up to 7 percent interest on their deposits.

The app has a curated store that offers e-vouchers from 20+ leading brands at up to 90 percent off. E-vouchers from brands like Myntra, Nykaa, Yatra, BookMyshow, Zomato, MakeMyTrip, Big Basket, Ajio and Uber are also available for everyone.

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In an official statement, Credilio mentioned that Novio has over 100 credit cards from leading banks such as Axis, HDFC, IDFC, HSBC, Yes Bank, IndusInd, SBI, Citi, ICICI, Kotak, Bank of Baroda, RBL, SCB, and AU Small Finance, and it leverages open API integration with all these leading banks.

Aditya Gupta, CEO – Credilio, talks about the need for Novio

Novio represents a breakthrough solution to a persistent challenge faced by consumers across India. The credit card landscape is often plagued by knowledge and access barriers, leading to missed opportunities to save and benefit. With Novio, we are addressing this gap directly, providing every Indian a new and rewarding way to experience the credit card lifestyle, regardless of their financial background.

With the launch of Novio, Credilio has reaffirmed its unwavering commitment to financial inclusion and empowerment for all. Novio is not just an app; it is the manifestation of our mission to remove barriers and provide access to a rewarding credit card lifestyle and foster a more equitable financial landscape where every Indian can grow and prosper.

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