Synopsis: Axis Bank, one of India's leading private sector banks, has partnered with Mastercard to launch MyBiz, a business credit card tailored for small business owners and sole proprietors. The MyBiz card is part of the World Mastercard category and offers comprehensive business and travel benefits, including rewards, increased purchasing power, and liability protection.
Axis Bank and Mastercard have joined forces to introduce MyBiz, a credit card exclusively designed for sole proprietors and small business owners in India.
The card offers a wide range of business and travel benefits, including airport lounge access, travel insurance, and various business-related services to enhance the financial experience of SME owners.
Axis Bank and Mastercard Unveil MyBiz Credit Card:
In a significant move to cater to India's growing SME sector, Axis Bank and Mastercard have announced the launch of MyBiz, a business credit card specifically designed for sole proprietors and small business owners.
As part of the World Mastercard category, MyBiz offers a host of business and travel benefits aimed at addressing the unique financial and operational needs of SME owners.
The partnership between Axis Bank, a top private sector bank in India, and Mastercard, a leading global technology company in the payments industry, seeks to enhance the financial experience for small business customers in India.
MyBiz is an end-to-end digital offering, providing increased purchasing power, zero liability protection, and enhanced control over employee spending.
According to Vivek Gupta, President & Head of Wholesale Banking Products at Axis Bank, the bank is committed to serving small businesses through continuous innovation in transaction banking.
“MyBiz card offers a comprehensive suite of business and travel benefits, simplifying our small business clients' experience with greater rewards, increased purchasing power, and enhanced employee control," said Gupta.
Comprehensive Business and Travel Benefits:
The MyBiz card is designed to meet the diverse needs of SME owners, offering airport lounge access and travel insurance, alongside business-related services such as productivity tools, marketing solutions, online readiness support, security, and compliance services.
These services will be available through Mastercard’s Easy Savings Specials program, which helps small business owners access a range of discounted services.
Additionally, cardholders will enjoy curated experiences in categories like culinary, wellness, and sports via priceless.com, with India-specific offerings aimed at enriching both business and lifestyle experiences.
Anubhav Gupta, Senior Vice President of Business Development at Mastercard, emphasized the importance of supporting India's growing community of entrepreneurs.
"Mastercard is focused on developing innovative financial products and solutions tailored to their business, travel, and lifestyle needs," said Gupta.
He added that the collaboration with Axis Bank will set a new benchmark in the business credit card segment, leveraging the strengths of both companies.
In conclusion, the launch of the MyBiz credit card by Axis Bank and Mastercard marks a significant step in empowering small business owners across India.
With its comprehensive benefits covering business, travel, and lifestyle needs, the card is set to offer a seamless and rewarding financial experience for SME owners.
The partnership between Axis Bank’s market expertise and Mastercard’s global payments capabilities promises to bring long-term value to India's small business ecosystem.
Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. Readers are encouraged to consult with a qualified financial advisor before making any financial decisions.
