Axis Bank is all set to launch the new MyBiz Credit Card for small businesses and enterprises in association with Mastercard. This card will reward transactions made by small business owners and help them grow. Those who opt for this card shall get exclusive insurance benefits and even EMI flexibility. More details on this latest business credit card by Axis Bank are still awaited.
Vivek Gupta, President & Head – Wholesale Banking Products, Axis Bank said “At Axis Bank, we are delighted in being able to serve our small business customers with continuous innovation in Transaction Banking – this time through our Commercial Card B2B proposition. Arising from our close partnership with MasterCard , the MyBiz card leverages the power of Mastercard’s ‘World’ platform that delivers industry leading real value. MyBiz card offers a comprehensive and upsized suite of business and travel benefits – an end to end digital offering that simplifies our small business clients’ experience in managing payments, in optimising working capital and in enhancing operational efficiency.”
Bottom Line
As India’s entrepreneurship sector continues to grow, personalized solutions like the MyBiz card have become essential. Anubhav Gupta, Senior Vice President of Business Development at Mastercard, said that this collaboration aims to deliver innovative financial solutions for the Indian SME market.
The Axis Bank MyBiz credit card offers a comprehensive solution to help small business owners manage their business and travel needs while offering them rewards for commercial transactions. This strategic partnership between Axis Bank and Mastercard is expected to impact the corporate credit card market in India significantly, which is currently dominated by HDFC Business Credit Cards such as the HDFC Biz Black Credit Card.