e-commerce
Cash back at the table and the terminal with the new PaisaSave card
MUMBAI: When eating out and flying off are no longer indulgences but routines, your credit card needs to keep pace. Paisabazaar and Yes Bank seem to have read the room and the receipt with the launch of the upgraded Yes Bank Paisabazaar PaisaSave Credit Card, designed to put serious cashback where India spends most.
At the heart of the revamp is a generous 6 per cent cashback on dining and travel, placing the PaisaSave card among the most rewarding in its category. From food delivery apps and fine-dining platforms to airline tickets, hotels and homestays, the card aims to reward lifestyle-led spending without the usual fine print fatigue.
The numbers do the talking. Cardholders can earn up to Rs 3,000 in cashback every month through accelerated benefits on dining and travel. Even after the monthly cap is reached, spends in these categories continue to earn 1 per cent cashback, ensuring rewards do not simply switch off mid-meal or mid-trip.
Everyday usage has not been left out either. The card offers unlimited 1 per cent cashback on all other online, offline and UPI transactions, alongside a 1 per cent fuel surcharge waiver, making it as functional at the petrol pump as it is at the café counter. Users can also instantly activate a virtual RuPay credit card, enabling UPI-based credit payments, a nod to how India increasingly prefers to pay.
Importantly for value-conscious consumers, the card comes with no joining fee. The annual fee of Rs 499 from the second year onwards can be waived by spending Rs 1.2 lakh in the previous year, keeping the cost-to-reward equation firmly in the user’s favour.
Yes Bank country head for credit cards and merchant acquiring Anil Singh noted that dining and travel continue to drive discretionary spends, with consumers increasingly expecting tangible value in return. The revamped PaisaSave, he said, is built to enhance everyday financial experiences across customer segments.
Paisabazaar CEO Santosh Agarwal pointed to cashback as one of the most persistent consumer demands in credit cards today. With eating out and travel now embedded in urban lifestyles, she said the co-created product focuses on delivering rewards that feel immediate, relevant and genuinely useful.
Accepted across popular platforms including Zomato, Swiggy, Eazydiner, Makemytrip, Goibibo, Airbnb and major hotel chains such as Taj, Marriott and Radisson, the upgraded PaisaSave card positions itself as a companion for a lifestyle that is always on the move and always hungry.
In a market crowded with points, tiers and conditions, Paisabazaar and Yes Bank are betting that straightforward cashback, delivered fast and without fuss, is what today’s card users really want.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
