·
Zero
markup on USD transactions done on PoS and e-commerce with global acceptance
·
Access
to Visa Infinite privileges with advanced security controls
Mumbai: ICICI Bank, in partnership with Visa,
announced the launch of India’s first USD-denominated debit card from its IFSC
Banking Unit (IBU) at GIFT City, the emerging global financial and IT services
hub in Gujarat. This milestone reinforces the Bank’s commitment to offer
innovative global banking solutions for Non-Resident Indian (NRI) customers.
This first-of-its-kind debit card is linked to ICICI Bank’s USD Global
Savings Account offered through the Bank’s IBU. Built on Visa’s premium
Infinite platform, the card enables seamless global transactions and provides
liquidity by allowing NRIs to access their USD savings in the bank account for
usage worldwide at ATMs, PoS and e-commerce platforms. The launch
marks a significant step in expanding secure, seamless, and premium
offshore payment solutions for NRIs.
Speaking on the launch,
Mr. Vipul Agarwal, Head –
Cards and Payment Solutions at ICICI Bank said: “ICICI Bank has consistently focused on creating
innovative banking solutions that caters to the evolving global financial needs
of NRIs. As global mobility increases, NRIs often face currency conversion
costs and fragmented international banking experiences. This USD‑denominated
debit card represents an important step in providing customers with seamless
access to their USD savings. Our collaboration with Visa enables us to combine
global acceptance with premium security and service standards, while further
strengthening GIFT City’s position as a leading international financial hub.”
Mr.
Rishi Chhabra, Country Manager for India at Visa, added: “Visa is proud to partner with ICICI Bank to
launch the first USD‑denominated debit card issued from GIFT City’s IFSC, built
on our premium Visa Infinite platform. As cross‑border financial needs continue
to grow, this solution enables Non‑Resident Indians to access and spend their
US Dollar savings globally with greater
convenience, transparency, and control. By leveraging ICICI Bank’s
wide reach and Visa’s global network, we are supporting India’s vision of
building world‑class financial infrastructure and expanding globally connected
payment experiences from GIFT City.”
Key
benefits of the debit card:
·
Global
usage:
o
Zero markup on USD transactions at PoS and e-commerce worldwide
o
Acceptable across domestic and international
ATMs, PoS terminals and e-commerce platforms
o
Multi-currency usability for seamless purchases across the globe
·
Security
and control:
o
EMV chip-enabled technology compliant with regulatory standards
o
Ability to enable/disable ATM, PoS, e-commerce and contactless
usage through GIFT City NetBanking
o
Option to set daily transaction limits for enhanced flexibility
· Exclusive privileges: Access to Visa Infinite privileges including
exclusive offers from participating global brands and curated travel and
lifestyle benefits
New and existing USD Global Savings Account holders with ICICI Bank are
eligible for this debit card.
To know more about the
card, please visit https://www.giftcity.icici.bank.in/faqs?ITM=nli_nriBanking_na_footer_2_CMS_customerServices_faqs_NLI
ICICI Bank’s IFSC International Banking Unit (IBU) at GIFT City offers
various products for NRI customers including Global Savings Accounts in
multiple currencies, fixed deposits, loan against deposits (LAD) and
investments.