ICICI launches country’s 1st contactless credit card for SMEs

ICICI Bank, a private sector lender has launched the country’s first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employeesICICI Bank is the first bank globally to offer a dual advantage reward programme on the expenses and repayments of the credit card.

The reward will be in the form of JPMiles, that is allocated to both the SME and the cardholders as per the Miles Split Ratio Module (MSRM) chosen by the SMEThe JPMiles can be split between cardholders and the company in the ratios of 75:25, 50:50 & 25:75. The JPMiles earned by the company are transferred to its ‘Business Rewards+’ account of Jet Airways. The points of the cardholder are transferred to his/ her individual JetPrivilege account.

This card is powered by the ‘VISA payWave’ contactless technology that enables the cardholder to make payments by simply tapping the card at contact less enabled terminals in more than 48 countries including India. 

So let’s discuss some questions related to this post :
1. Name the bank which has launched the country’s 1st contact less credit card for SMEs ?
2. The country’s first contact less business credit card has been launched by the ICICI Bank in association with which company ?

Courtesy : The Hindu


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