<h1>Airline and bank launch dual-network credit card with UPI access, FD-backed zero-fee option, raising payments and pledge law issues</h1> An airline and a private bank launched a co-branded dual-network credit card offering both international network and domestic UPI-enabled network access via a single application, with either a paid joining fee or a fixed-deposit-backed zero-fee option that guarantees approval. The product promises accelerated loyalty rewards, travel/lifestyle protections, low forex markup and UPI linkage for broader acceptance; the bank states FD collateralisation underpins credit risk controls. Key legal points: dual-network routing and UPI functionality implicate payments and data-security rules; FD-backed credit raises lien/pledge and deposit-consumer protection considerations under banking and payments regulations.