Kochi: Country’s largest private lender ICICI Bank Wednesday said it has tied up with UAE Xchange to promote ICICI Bank Travel Card through latter’s branches in the country.
There were incredible opportunities in the travel card space and the bank was targeting a business of $250 million, ICICI Bank’s commercial and premium card manager Vinayak Prasad said.
Biggest competitor in the space was the travellers cheque, he added.
V. George Antony, Country Manager of UAE Xchange, said the tie-up was the beginning of a great association. “We will review, improve and increase the basket of products and sell across our counters in our 206 branches.” he said.
Available in six currencies, including US, Australian and Canadian dollars, Swiss Francs, Euros and Pound Sterling, the ICICI Bank Travel card offers international traveller the widest choices, which can be used directly for shopping at over 27 million merchants and over one million ATMs, the bank said in a release.
The ICICI Bank Travel Card has several unique features that cover every aspect of the trip, which include round-the-clock medical assistance to comprehensive travel and accident insurance.
UAE Xchange is one of the leading exchange houses in the Middle East, primarily focusing on money transfers and money exchange, and is part of the NMC group, the prestigious business conglomerates in UAE.