New Delhi, July 23 -- Fintech firm PhonePe has rolled out two cobranded credit cards in partnership with SBI Card, largest pure-play credit card issuer.

The two new products are PhonePe SBI Card Purple and PhonePe SBI Card Select Black. This marks the second such partnership by PhonePe after its earlier tie-up with HDFC Bank.

These credit cards are issued on the RuPay and Visa networks, and are looking to broaden formal credit access while offering rewards on everyday spends.

RuPay variants are UPI linkable, enabling seamless use across millions of merchants nationwide, while the Visa cards can be tokenised on the PhonePe app for secure digital use.

Targeting the rising demand for integrated credit and payments, the PhonePe SBI Cards ...