Indusind Bank Virtual Commercial Credit Card : IndusInd Bank has introduced an innovative financial solution, the ‘Virtual Commercial Credit Card,’ precisely tailored to meet the unique demands of corporate entities and the travel industry, which frequently engage in numerous transactions involving various foreign currencies.
- Advertisement -
This cutting-edge virtual card, developed in collaboration with industry leaders Visa and Juspay, offers advanced security features that can be personalized for each transaction, granting users unparalleled control over their international expenses. The primary goal is to deliver a secure and effortless financial experience to customers.
IndusInd Bank stated, “Launched under the name ‘Virtual Commercial Credit Card,’ this offering is specifically designed to cater to the distinct needs of corporate and travel industry clients, who often engage in multiple transactions across various foreign currencies. With the Virtual Commercial Cards, these business users can create virtual cards or credentials denominated in foreign currencies, thereby safeguarding the primary card number and ensuring the utmost transaction security.” Each virtual card can have transaction-specific limits and customizable expiry dates, ensuring a secure and smooth payment process.
- Advertisement -
Soumitra Sen, Head of Consumer Banking and Marketing at IndusInd Bank, expressed, “IndusInd Bank has consistently led the way in enhancing customer convenience by introducing innovative financial solutions and a comprehensive suite of credit cards. We are delighted to present the ‘Virtual Commercial Credit Card,’ a solution designed specifically for our corporate and travel industry partners.”
Ramakrishnan Gopalan, Head of Products for India & South Asia at Visa, emphasized, “This commercial card solution, built on the Visa Payables Automation platform, not only provides a high degree of control, reduced complexity, and complete transparency but also enables multiple user access and enhances expense management, all while maintaining the highest standards of transaction security.”
Sheetal Lalwani, Cofounder & COO of Juspay, added, “Our partnership with IndusInd Bank and Visa aims to simplify payment processes for buyers and suppliers in the corporate and travel industry. We offer an intuitive, frictionless solution that complies with tokenization and AFA regulations, along with a maker-checker workflow-based Virtual Commercial Card, making payment management effortless.”
As of June 30, 2023, IndusInd Bank serves approximately 35 million customers through its extensive network of 2,606 branches/banking outlets and 2,875 ATMs, covering diverse regions of the country and extending its reach to 138,000 villages.
