Fincare Small Finance Bank Elevates Banking Experience with the Launch of Pre-paid Cards this festive season!

National, 15 September 2023: As the festive season draws near, the excitement for celebration intensifies. During this time, one of the prominent traditions is the fervor of shopping, which becomes the focal point.

Fincare Small Finance Bank is inviting customers to elevate their festive experience with a touch of uniqueness. “Dil se celebration, my festival my choice” – Amplify the festivities with Fincare Small Finance Bank’s Prepaid Cards, available in both physical and virtual forms, designed to gift the power of choice. With a mobile-friendly digital portal, customers can effortlessly manage all aspects of their prepaid card, including the added convenience of contactless payments, while benefiting from real-time transaction alerts via SMS and email. Fincare Small Finance Bank will be actively promoting this initiative across various social media platforms.

Whether you’re planning to indulge in shopping sprees, embark on a dreamy travel adventure, or have any other exciting festive plans in mind, Fincare’s prepaid card is your trusted companion. It empowers you with versatility, security, and unmatched convenience, catering to a wide spectrum of financial needs throughout this joyous season.

Benefits of Fincare Small Finance Bank’s Prepaid Cards:

  • Unparalleled Flexibility: Embrace the freedom to spend your way, where you want, when you want, with no restrictions.
  • Security First: Rest easy knowing your finances are protected with top-notch security features.
  • Instant Gratification: No more waiting – your prepaid card is ready to use right out of the box or virtually.
  • Simplified Management: Access your card details, transaction history, and balances effortlessly through our user-friendly portal.
  • World of Choices: From shopping extravaganzas to culinary adventures, your prepaid card opens doors to a world of possibilities.
  • Global Acceptance: Accepted worldwide, prepaid cards make them an ideal companion for international travel.

Mr. Jatinder Shah, Chief Operating Officer – Business Banking & Digital Consumer Banking – Fincare Small Finance Bank said “We are excited to introduce the Fincare Prepaid Card, a testament to our commitment to enhance banking experience of customers. These cards are designed to provide convenience and flexibility in managing finances. Whether it’s for everyday expenses, travel, or gifting, our Prepaid Cards offer a secure and hassle-free solution. Fincare Small Finance Bank continues to innovate and adapt to the evolving financial landscape, ensuring that our customers have access to modern and efficient banking services.”

For more information about Fincare Small Finance Bank’s Prepaid Cards and how to obtain one, please visit our website (fincarebank.com) or contact our nearest branch.

As of 31st March 2023, the Bank has a network of 1,231 banking outlets spread across 19 states and three union territories, covering 338 districts and 57,186 villages. The Bank serves 42+ Lakh customers and has a workforce of 14,000+.

About Fincare Small Finance Bank:

Fincare Small Finance Bank is a ‘digital-first’ small finance bank offering banking services through banking outlets, ATM, WhatsApp, Video Banking, Mobile Banking, Internet Banking and website Chatbots. The bank aims to transform banking through automated processes, instant account opening, and seamless transactions. Powered by technology, on one hand, Fincare Small Finance Bank caters to the banking needs of micro enterprises enabling their financial inclusion, and on the other, provides innovative banking services along with digital solutions to metro and urban customers. The Bank commenced banking operations on 21st July 2017 under Section 22 of the Banking Regulation Act, 1949. It was included in the Second Schedule to the RBI Act, 1934 published in the Gazette of India dated April 13, 2019. 

For more information, please visit www.fincarebank.com

Fincare Small Finance Bank Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed a draft red herring prospectus dated May 1, 2023 (“DRHP”) filed with the Securities and Exchange Board of India (“SEBI”) on May 3, 2023. The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, SBI Capital Markets Limited and Ambit Private Limited at www.icicisecurities.com, www.axiscapital.co.in, www.iiflcap.com, www.sbicaps.com and www.ambit.co, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 21 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act, “Rule 144A”) in transactions exempt from, or not subject to, registration requirements of the Securities Act, and (ii) outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

 

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