Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

ICICI Bank and Visa Launch India’s First USD-Denominated Debit Card for NRI Customers at GIFT City

ICICI Bank

ICICI Bank, in partnership with Visa, has launched India’s first USD-denominated debit card from its IFSC Banking Unit (IBU) at GIFT City, Gujarat, marking a significant step in expanding premium global banking solutions for Non-Resident Indians (NRIs). The card is linked to ICICI Bank’s USD Global Savings Account and is built on Visa’s premium Infinite platform, enabling seamless international transactions and enhanced global accessibility.

The newly introduced debit card allows customers to directly utilise their USD savings for payments at ATMs, point-of-sale terminals, and e-commerce platforms worldwide. One of its key highlights is zero markup on USD transactions conducted globally through PoS and online platforms, helping NRIs avoid currency conversion costs often associated with cross-border payments.

Advertisementgreylabs

The launch reflects the growing focus on creating internationally connected financial products from GIFT City, India’s emerging global financial and IT services hub. Customers will also gain access to Visa Infinite privileges, including premium travel, lifestyle, and global merchant benefits.

Speaking on the launch, Vipul Agarwal, Head – Cards and Payment Solutions at ICICI Bank, said the initiative is aimed at addressing the evolving financial needs of globally mobile customers by providing seamless access to USD savings with enhanced convenience and security. Rishi Chhabra, Country Manager for India at Visa, added that the collaboration supports India’s vision of building world-class financial infrastructure while offering globally connected payment experiences.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

The card comes with advanced security features including EMV chip-enabled technology, transaction controls through GIFT City NetBanking, and the ability to set daily transaction limits. Existing and new holders of ICICI Bank’s USD Global Savings Account are eligible for the card.

AdvertisementInfoComm India 2026

Also Read: Giesecke+Devrient Introduces AI-Powered Solutions to Transform Payment Card Issuance and Activation

AdvertisementElets BFSI AI Summit & Awards, Mumbai

The launch further strengthens ICICI Bank’s offshore banking portfolio at GIFT City, which already includes multi-currency savings accounts, fixed deposits, investment products, and loan facilities tailored for NRI customers.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Yugal Tiwari Appointed Chief Product and Marketing Officer at BharatPe

Fintech company BharatPe has appointed Yugal Tiwari as its Chief Product and Marketing Officer (CPMO), bringing extensive experience… Read more →

Abhinav Trivedi Appointed MD & CEO of Standard Chartered Capital Limited

Abhinav Trivedi has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Standard Chartered… Read more →

‘Digital Arrests’ Fall 67%, Investment Fraud Emerges as Growing Cybercrime Threat

Mumbai, September 17, 2026: Cybercrime patterns are rapidly evolving, with so-called ‘digital arrest’ scams declining by 67 per… Read more →

State Bank of India Digitises Savings-to-Salary Journey for Existing Customers

State Bank of India (SBI) has launched a digital Savings Account to Salary Account journey in collaboration with… Read more →

novio Partners with Indian Overseas Bank to Launch Co-branded RuPay Credit Card

novio, the consumer credit platform from Credilio Financial Technologies, has announced a strategic partnership with Indian Overseas Bank… Read more →

Abhinav Trivedi Appointed MD & CEO of Standard Chartered Capital

Mumbai, September 2026: Abhinav Trivedi has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO)… Read more →