Axis Bank and Mastercard collaborate to launch a premium credit card for small business owners in India
September 25, 2024 | Mumbai, IndiaMyBiz card comes with a wide range of business, travel, and lifestyle benefits.
Axis Bank, one of the largest private sector banks in India, and Mastercard, a global technology company in the payments industry, today announced their collaboration to launch MyBiz, a premium business credit card designed exclusively for sole proprietors and small business owners. The new card, part of the World Mastercard® category, combines a wide range of business and travel benefits to meet the diverse needs of SME owners.
Along with premium benefits, such as airport lounge access and comprehensive travel insurance, MyBiz card will allow cardholders to avail a bouquet of business-related services covering productivity, marketing, online readiness, security, and compliance through Mastercard Easy Savings Specials. Furthermore, cardholders will also be able to gain access to specially curated experiences around culinary, wellness, sports, and more via priceless.com for India-based experiences.
Underlining the exclusive value proposition offered by MyBiz, Vivek Gupta, President & Head, Wholesale Banking Products, Axis Bank, said, “At Axis Bank, we are committed to serve our small business customers with continuous innovation in transaction banking — this time through our B2B commercial card proposition. Arising from our close collaboration with Mastercard, MyBiz card leverages World Mastercard® benefits to deliver industry-leading value. It offers a comprehensive suite of business and travel benefits — an end-to-end digital offering that simplifies our small business clients' experience through greater rewards, increased purchasing power, zero liability protection, and increased employee controls.”
Highlighting the significance of the launch, Anubhav Gupta, Senior Vice President, Business Development at Mastercard, said, “As India continues to witness a steady growth in the number of entrepreneurs, Mastercard is focused on developing innovative financial products and solutions tailored to their business, travel and lifestyle needs. Combining Axis Bank’s deep market insight with Mastercard’s global expertise in payments, this collaboration will bring significant benefits to small business owners, setting a new benchmark in the business credit card segment.”
About Axis Bank
Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 5,427 domestic branches (including extension counters) and 15,014 ATMs across the country as on 30th June, 2024. The network of Axis Bank spreads across 2,987 centres, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.
For further information on Axis Bank, please visit https://www.axisbank.com.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
