Niyo, in association with SBM Bank India and VISA, has announced its digital savings account offering with the travel-friendly product Niyo Global. In addition to a zero foreign exchange markup, customers can now earn attractive interest on the savings account.
Niyo Global, which has already served over 3,000,000 customers in the past two years, with this latest development aims to simplify foreign exchange spending for international travelers and students in addition to saving them and earning money. money on their Indian currency.
There is also a plan for rapid market share expansion by listing partnerships with major travel aggregation companies and OTAs.
Indian passport holders can now enjoy all the features of the Niyo Global card, such as zero forex markup on car rentals, flight and hotel reservations, live currency conversion, ATM locator automatic on the application, etc. on balances with monthly interest payments, free access to the airport lounge, UPI features, checkbook and all other premium banking offers, including national and international offers, according to a press release.
Niyo Co-Founder and CEO Vinay Bagri said, “The Niyo Global is now upgraded to a full-service digital bank account for the citizens of the world. It has helped users save Rs 50 crore in unnecessary mark-ups on transactions worth Rs 1,000 crore over the past 2 years.
Neeraj Sinha, Head – Consumer & Retail Banking, SBM Bank India, said: “At SBM Bank, we believe the era of #SmartTravel is upon us. In a normal new world, it is imperative to redefine traditional products from a customer-centric and customer-friendly perspective. This is exactly what we are aiming for through our partnership with Niyo.
Niyo plans to improve the proposal by adding credit, making the offer fairly usable both nationally and internationally.
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Posted on: Saturday November 13, 2021 2:28 PM IST