Axis Bank, one of India’s major private sector banks, and Mastercard, a global payments technology firm, have forged a strategic partnership to introduce MyBiz, a premium business credit card intended specifically for single proprietors and small business owners. The new World Mastercard® card combines a variety of business and travel perks to address the diversified demands of small and medium-sized business owners.
Along with premium advantages like airport lounge access and comprehensive travel insurance, MyBiz cardholders will be able to access a variety of business-related services like as productivity, marketing, internet preparedness, security, and compliance via Mastercard Easy Savings Specials. Furthermore, cardholders will have access to specifically curated experiences in culinary, wellness, sports, and other categories through priceless.com for India-based events.
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.”
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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.
