New Delhi, June 19 -- Punjab National Bank (PNB) has partnered with Zaggle Prepaid Ocean Services Ltd to launch biodegradable co-branded twin credit cards, as the public sector lender looks to strengthen its presence in India's underpenetrated credit card market and tap into growing demand from younger consumers.

The PNB-Zaggle Co-branded Twin Credit Cards, launched on Friday, are designed to combine lifestyle benefits with sustainability and will be available across India. The cards are manufactured using biodegradable materials and offer customers access to both Visa and RuPay networks through a twin-card proposition.

Announcing the launch, PNB Managing Director and Chief Executive Officer Ashok Chandra said the bank sees significant ...