IndusInd Bank has officially launched the 'IndusInd Bank Jio-BP Mobility+' credit card in partnership with Jio-BP, marking the bank's first fuel-based credit card and Jio-BP's inaugural co-branded offering. The RuPay-powered card is specifically designed for India's digitally savvy, on-the-go consumers, combining accelerated fuel rewards with exclusive lifestyle privileges.

Strategic Partnership and Market Positioning

The collaboration brings together IndusInd Bank's financial expertise with Jio-BP's extensive network of 2,050 Mobility Stations across India. This partnership represents a significant milestone for both organizations, with IndusInd Bank expanding its co-branded credit card portfolio while Jio-BP enters the co-branded financial products space.

Comprehensive Reward Structure

The Mobility+ Credit Card offers a multi-tiered reward system designed to maximize value for fuel and lifestyle purchases. The card provides immediate benefits through welcome bonuses and ongoing rewards across various spending categories.

Fuel Benefits at Jio-BP Touchpoints

Lifestyle and Digital Benefits

Beyond fuel rewards, the card extends value to everyday lifestyle purchases. Customers earn 5 reward points per ₹100.00 spent on supermarket, dining, and grocery purchases. The card also includes a complimentary Wild Bean Cafe coupon worth ₹200.00 on the first cafe transaction within 30 days of card setup.

Executive Leadership Perspectives

Rajiv Anand, Managing Director & CEO of IndusInd Bank, emphasized the partnership's innovation focus: "We are pleased to partner with Jio-BP to launch the IndusInd Bank Jio-BP Mobility+ Credit Card, a product that reflects our shared commitment to innovation and customer-centricity. This collaboration brings together IndusInd Bank's financial expertise and Jio-BP's expansive network to create a future-ready solution."

Jio-BP Chairman Sarthak Behuria highlighted the strategic vision: "At Jio-BP, our strategy is anchored in our commitment to innovation and a deep focus on enhancing every customer's mobility experience. This collaboration reflects our long-term vision to integrate cutting-edge digital solutions with meaningful, everyday value."

Jio-BP CEO Akshay Wadhwa added: "With this collaboration, we are delivering yet another compelling value proposition that meaningfully rewards our esteemed customers for their mobility needs. Customers can receive up to 60 litres of free fuel annually and earn up to 4.25% back on every fueling at Jio-BP."

Digital Integration and Availability

The card leverages UPI-enabled transactions via RuPay network for seamless payments, reflecting the growing trend toward digital payment solutions. Customers can redeem reward points directly at Jio-BP Mobility Stations, convenience stores, and Wild Bean Cafe outlets. The card is available for application through select Jio-BP outlets and digital platforms, offering quick digital onboarding with immediate reward earning capability.

IndusInd Bank has announced that Chairman Sunil Mehta will resign from his position in January. This development marks a significant leadership transition for the private sector lender.

Leadership Transition Details

The resignation announcement indicates that Mehta will step down from his role as Chairman during January. This change in leadership comes as part of the bank's corporate governance structure.

About the Current Leadership

Sunil Mehta has been serving as Chairman of IndusInd Bank. His departure will necessitate the bank to identify and appoint a successor to lead the board.

Impact on Bank Operations

The leadership transition is expected to be managed in accordance with regulatory requirements and corporate governance norms. The bank will likely follow established procedures for chairman succession to ensure continuity in operations and strategic direction.