OneCard’s operating revenue jumped 163% to INR 1,425.58 Cr in FY24. Despite this surge, losses barely narrowed, with fintech posting a net loss of INR 401.15 Cr.
How they are losing money, they barely offer any rewards or discount offers. Whatever they offer comes with complicated terms or really high purchase price
Only good thing is fair forex rate with 1 percent charge. Earlier I use to get the charge as cashback but now cb criteria is complicated. Still lower than most banks.
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