Kotak Mahindra Bank : Myntra and Kotak Mahindra Bank Join Forces to Launch India’s First of-its-kind Digital Fashion Co-Branded Credit Card Offering Unmatched Benefits for Shoppers

Media Release

Calling All Fashion Aficionados…

Myntra and Kotak Mahindra Bank Join Forces to Launch India's First-

of-its-kind Digital Fashion Co-Branded Credit Card Offering

Unmatched Benefits for Shoppers

Mumbai, 1st June, 2023: The online fashion market is about to witness something unique as Kotak Mahindra Bank Limited ("KMBL"/Kotak) in partnership with Myntra, one of India's leading fashion, beauty and lifestyle destinations, today announced the launch of its first-of-its-kind co- branded digital fashion & lifestyle credit card.

Offering loads of benefits, the co-branded Kotak Myntra Credit Card will empower the fashion- conscious consumers to unlock great value on their savings through unlimited transactions. The card can be availed through a hassle free digital journey within minutes, across Myntra as well as

customers. We are committed to fulfilling their credit needs and delivering unparalleled service."

The co-branded credit card is designed with an aim to provide the trendy and new age consumers an apt choice for their fashion needs. The card also aims to tap into the fast-growing fashion e- commerce market in India, which presents a huge opportunity. The growth in fashion e- commerce will be led by digital native customers comprising Millennials, as well as GenZ customer segments.

Santosh Kevlani, Vice President, Partnerships and Monetization, Myntra, said, "As the first-of- its-kindcard in the industry, the Myntra Co-brandedCredit Card will be dedicated to fashion shoppers across metros, tier 1, tier 2 & 3 cities, creating stickiness and excellent brand recall. With this collaboration, we aim to enhance our customers' shopping experience on Myntra by offering them an unparalleled and rewarding payment option. The Kotak Mahindra Bank is among India's largest and most trusted financial institutions, and its position of being a progressive partner bank stands tall and resonates well with a brand like ours. We are confident that this association will help us provide our customers with a seamless and rewarding shopping experience while also enabling them to save more on their purchases."

Aditya Murthy, Vice President, Digital Partnerships, South Asia, Mastercard, said "Mastercard is delighted to collaborate with Kotak Mahindra Bank and Myntra to bring a unique proposition for consumers who like to stay up to date with the latest in fashion trends. The Kotak Myntra Credit Card is a game-changerin the fashion and lifestyle space, offering unparalleled benefits to consumers who enjoy shopping the wide collection at Myntra.

Mr. Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives, at NPCI said, "We are excited to partner with Kotak Mahindra Bank to launch Myntra Kotak cobrand card on the robust RuPay network. With our proposition of RuPay Credit Card on UPI, we are confident that our partnership will offer a secure, delightful and rewarding shopping experience to the users of this card."

All cardholders who activate their cards will be on boarded on Myntra's loyalty program - Myntra Insider as well as get a complimentary Rs 500 e-voucher. The card will be promoted across multiple touchpoints ranging from the Myntra app, social to digital platforms, digital assets of the Kotak Mahindra Bank, along with other offline marketing channels.

The joining fee and annual fee for this unique credit card is Rs. 500 only.

To know more about the card, please click here.

*terms and conditions apply

About Kotak Mahindra Bank Limited

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.

The Bank has four Strategic Business Units - Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group's business model is concentrated India, diversified financial services. The bold vision that underscores the Group's growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 31st March, 2023, Kotak Mahindra Bank Ltd has a national

footprint of 1,780 branches and 2,963 ATMs, and branches in GIFT City and DIFC (Dubai). For more information, please visit the company's website at https://www.kotak.com/.

About Myntra

Myntra is one of India's leading platforms for fashion brands and in m-commerce play. An integral part of the FlipKart Group, Myntra brings together technology and fashion to create the best experience in the fashion and lifestyle space in India. Myntra platform offers a wide range of over 6000+ leading fashion and lifestyle brands in the country such as H&M, Levis, U.S. Polo Assn., Tommy Hilfiger, Louis Philippe, Jack & Jones, MANGO, Forever 21, Marks & Spencer, W, Biba, Nike, Puma, Crocs, M.A.C, and Fossil and many more. Myntra services over 19,000 pin codes across the country.