Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

IndusInd Bank launches 'Virtual Commercial Credit Card'

Posted On: 2023-09-14 15:01:49 (Time Zone: IST)


IndusInd Bank today announced the launch of the 'Virtual Commercial Card', a credit card that is all set to redefine cross-border transactions for corporates and travel agents. In a tie-up with Visa, the global leader in digital payments and Juspay, India's payments operating system, this dynamically generated virtual card has additional layers of security that can be defined for each transaction, which grants the users complete control over their international expenses, making it a safe and hassle-free experience for the customers.

Launched as 'Virtual commercial Credit Card', this offering is tailored to cater to the distinct requirements of corporates and travel industry, who make numerous bookings in multiple foreign currencies. With the Virtual Commercial Cards, these commercial users can generate virtual cards or credentials in foreign-denominated currencies as well, safeguarding the parent card number, ensuring utmost security for transactions. Each virtual card can be fully customized with transaction-specific limits and even the expiry dates can be defined to ensure secure and seamless payment experience.

Speaking on the announcement, Mr. Soumitra Sen, Head - Consumer Banking and Marketing, IndusInd Bank, said, "IndusInd Bank has always been in the forefront of driving customer convenience by introducing most innovative propositions through its array of banking solutions and suite of credit cards. We are now delighted to launch the 'Virtual Commercial Credit Card', a solution for our corporate and travel industry partners. At IndusInd Bank, we recognize the importance of meeting the evolving needs of our customers. Our commitment to delivering exceptional banking experiences drives us to continually innovate and offer cutting-edge solutions that cater to the unique requirements of businesses and individuals alike."

Ramakrishnan Gopalan, Head - Products, India & South Asia, Visa said, "At Visa, we recognize that businesses engaged in managing domestic and cross-border travel have unique needs. We are thus delighted to partner with IndusInd Bank to launch this Virtual Commercial Credit Card, that addresses these requirements perfectly. Providing a high degree of control, reduced complexity and complete transparency, this commercial card solution built on the Visa Payables Automation platform also allows for multiple user access and better expense management, while providing the highest standards of transaction security."

Sheetal Lalwani, Cofounder & COO, Juspay said, "We're making it easy for the buyers and suppliers in the corporate & travel industry to streamline their payments processes with our intuitive, frictionless, tokenisation-cum-AFA regulation compliant, & maker-checker workflow based Virtual commercial Card solution in partnership with Indusind Bank and Visa. Seamless Authentication in Buyer-Supplier payments is yet another innovation of Juspay, aimed at creating easy-to-use experiences that modernize spend controls for employees as well as for finance and procurement teams across the industry.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1455.65 as compared to the previous close of Rs. 1429.00. The total number of shares traded during the day was 28807 in over 1949 trades.

The stock hit an intraday high of Rs. 1459.50 and intraday low of 1416.00. The net turnover during the day was Rs. 41500314.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Persistent Systems Ltd posts consolidated PAT of Rs. 315.32 crores in Q4 FY2023-24

Hero MotoCorp inaugurates new assembly facility in Nepal with partner CG Motors

Star Cement Ltd commences Commercial Production from New Clinker Line of the Company at Lumshnong, Meghalaya

Persistent Systems Limited recommends final dividend of Rs. 10

Authum Investment & Infrastructure Ltd acquires debt of Nitco Ltd

UltraTech Cement Limited announces brownfield capacity expansion

Bhansali Engineering Polymers Ltd to expand capacity of ABS to 2 TPA

Chemtech Industrial Valves Ltd supplies valve to leading copper plant in India

Tamilnad Mercantile Bank Ltd to open 2 new branches each in Karnataka and Tamilnadu

Banas Finance Limited fixes April 26, 2024 as record date for rights issue

KPIT Technologies Limited completes acquisition of balance stake in PathPartner

Bhansali Engineering Polymers Limited recommends final dividend of Rs. 1

UltraTech Cement Limited to acquire 1.1 MTPA grinding unit at Parli, Maharashtra

HDFC Bank posts consolidated net profit of Rs. 17622.38 crores in Q4 FY2024

Sterling and Wilson Solar Ltd reports consolidated profit of Rs. 1.45 crore

Alok Industries Ltd posts consolidated loss of Rs. 215.93 crores in Q4 FY2024

Bhansali Engineering Polymers Ltd posts consolidated PAT of Rs. 40.42 crores in Q4 FY2024

Elecon Engineering Company Limited recommends final dividend of Rs. 2

Lupin launches Mirabegron Extended-Release Tablets in the United States

Biocon Ltd receives approval from SAHPRA for Tacrolimus Capsule

Sona Comstar inaugurates new manufacturing plant in Mexico to cater to growing EV Demand in North America

Landmark Cars drives forward its position in Hyderabad with M&M dealership

HDFC Bank Limited recommends dividend of Rs. 19.50

Sentynl Therapeutics receives marketing authorization for NULIBRY® from the UK MHRA for treatment of MoCD Type A

Rathi Steel and Power Limited avails credit facility of Rs. 43.50 crores

Avantel Ltd receives order worth Rs. 1.84 crores

JSW Neo Energy Ltd receives LoA for 700 MW ISTS-Connected Solar Capacity from NTPC

H. & R. Johnson India Ltd hosts mega event in Hyderabad

Indo Count acquires US Premium National Brand WAMSUTTA

Inox Wind secures repeat order for 210 MW for its 3 MW WTGs from Hero Future Energies

Happiest Minds Technologies Ltd to acquire Macmillan Learning India Pvt Ltd

Man Industries India Ltd receives approval from Shell Global

Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions globally

Mahindra Logistics empowers communities by launching its first 'Community Centre of Excellence' for skill development

Padget Electronics enters into an Agreement with Longcheer for manufacturing and sale of smart phones

Canara Bank fixes May 15, 2024 as record date for stock split

Mahadhan Agritech and Haifa Group Unite to Drive Agricultural Innovation in India

Cineline India Limited opens 8-Screen multiplex at Amanora Mall, Pune, Maharashtra

Rail Vikas Nigam Ltd emerges L1 for order from South Central Railway

Premier Explosives Limited approves stock split

Hindustan Zinc Ltd announces Q4FY24 results

Davangere Sugar Company Ltd approves stock split

HCC Rights Issue oversubscribed 2.5x

Elecon Engineering Company Limited approves stock split

Rushil Modala Ply Ltd commences commercial production of plywood

Kranti Industries Ltd receives order

Central Bank of India enters into distributorship agreement with Aditya Birla Sun Life AMC Ltd

Dr. Reddy's launches Condition Management programme 'DailyBloom™ IBS'

Puravankara bags prestigious CIDC Vishwakarma Award for Social Development and Impact

Benares Hotels Limited recommends dividend of Rs. 25


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020