NEW DELHI, May 12: Private sector lender ICICI Bank today 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. 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. Speaking about the launch, Rajiv Sabharwal, Executive Director, 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.” He also said that the co-branded card is yet another compelling proposition that offers upfront savings on business spends, along with a first of its kind benefit of offering rewards on both spends and repayments on a large list of business expense categories. Additionally, the card also gives a complimentary access to Visa’s expense management tool allowing entrepreneurs to keep track of all business related spends. “Keeping in view the host of benefits on offer, we believe that this card will empower smaller businesses to maximize their business potential and propel them to expand to newer horizons,” he said. Gaurang Shetty, Whole-time Director, Jet Airways, said, “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. We are delighted to bring to our guests these unique co-brand card propositions.” (UNI)
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