Credilio launches 'novio', aims to ensure credit card lifestyle access to all Indians

CHANAKYAPURI, India - Aug. 16, 2024 - PRLog -- Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement.

novio has introduced a guaranteed card concept, allowing users to build their credit scores effortlessly. By booking a fixed deposit online, users secure an SBM Credilio Credit Card instantly with 1 percent unlimited cashback benefit. Customers can even earn up to 7 percent interest on their deposit.

The app has a curated store offering e-vouchers of 20+ leading brands at up to 90 percent discount. e-vouchers from brands like Myntra, Nykaa, Yatra, BookMyshow, Zomato, MakeMyTrip, BigBasket, Ajio, and Uber are also available to everyone.
https://www.businesstoday.in/personal-finance/story/credilio-launches-novio-aims-to-ensure-credit-card-lifestyle-access-to-all-indians-430543-2024-05-22
In an official statement, Credilio mentioned that novio has over 100 credit cards from premier banks like 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 integrations with all these leading banks.

Aditya Gupta, CEO - Credilio, talks about the need for novio, "novio represents a pivotal solution to a persistent challenge faced by consumers across India.