ICICI launches country’s 1st contactless credit card for SMEs

Posted on:12 May 2016 17:49:56

ICICI launches country’s 1st contactless credit card for SMEs
12 May 2016 Current Affairs GK: Private sector lender ICICI Bank has launched the country's first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees. 

ICICI Bank is the first bank globally to offer a dual advantage reward programme on the expenses and repayments of the credit card. 

Highlights : This card is powered by the 'VISA payWave' contactless technology that enables the cardholder to make payments by simply tapping the card at contactless enabled terminals in more than 48 countries including India, the bank said in a statement.The card can also be used by dipping or swiping at non-contactless merchants.

ICICI Bank said, "We are delighted to partner with Jet Airways and Visa to introduce the country's first contactless business credit card. This collaboration further underscores our commitment to provide SMBs with solutions that will help them to scale up swiftly.

Additionally, the card also gives a complimentary access to Visa's expense management tool allowing entrepreneurs to keep track of all business related spends. 

The new Jet Airways ICICI Bank Business Advantage Card is yet another step by Jet Airways towards creating a world class guest experience by offering a product that appeals to the needs of the SME segment. 

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