Axis Bank and Mastercard Launch MyBiz Credit Card for Small Business Owners

Axis Bank, a leading private sector bank in India, has partnered with Mastercard, a global payments technology firm, to launch the MyBiz credit card, specifically designed for sole proprietors and small business owners. This premium World Mastercard® offers a comprehensive suite of business and travel benefits tailored to meet the diverse needs of small and medium-sized enterprises (SMEs).

The MyBiz card provides numerous premium features, including airport lounge access, comprehensive travel insurance, and various business-related services aimed at enhancing productivity, marketing, online readiness, security, and compliance through Mastercard Easy Savings Specials. Cardholders can also take advantage of exclusive experiences curated for Indian customers via priceless.com, which encompasses opportunities in culinary arts, wellness, sports, and more.

Enhanced Experience and Benefits

Vivek Gupta, President & Head of Wholesale Banking Products at Axis Bank, emphasized that the MyBiz card simplifies the experience for small business clients by offering increased rewards, greater purchasing power, zero liability protection, and enhanced employee controls.

Innovative Financial Solutions

Anubhav Gupta, Senior Vice President of Business Development at Mastercard, noted the growing trend of entrepreneurship in India and the company’s commitment to developing innovative financial products tailored to business owners’ needs. This collaboration aims to set a new benchmark in the business credit card segment, leveraging Axis Bank’s market insights and Mastercard’s global expertise in payments.

Axis Bank and Mastercard: Key Points

Partnership: Axis Bank has partnered with Mastercard to launch the MyBiz credit card aimed at small business owners and sole proprietors in India.

Product Type: The MyBiz credit card falls under the World Mastercard® category, offering premium benefits tailored for small and medium-sized enterprises (SMEs).

Key Benefits

• • Airport Lounge Access: Cardholders receive access to airport lounges, enhancing travel comfort.
  • Comprehensive Travel Insurance: Provides financial protection during travel-related incidents.
  • Business Services: Includes productivity tools, marketing support, online readiness, security, and compliance assistance via Mastercard Easy Savings Specials.

Exclusive Experiences: Cardholders can access curated experiences in culinary, wellness, and sports through priceless.com, adding value beyond standard credit card offerings.

Value Proposition: Aims to simplify financial management for small business owners with features like increased rewards, greater purchasing power, zero liability protection, and enhanced employee controls.

Market Focus: The collaboration emphasizes the growing entrepreneurial landscape in India, addressing the specific financial needs of small business owners.