IndusInd Bank and Visa to transform cross-border payments with virtual commercial credit card

IndusInd Bank has launched a ‘Virtual Commercial Credit Card’. Developed in partnership with Visa, a global leader in digital payments, and Juspay, India’s leading payments operating system, the virtual credit card is designed to redefine cross-border transactions. The card comes with enhanced security features that allow users to tailor settings for each transaction, thus offering complete control over international expenses and ensuring a hassle-free experience.

Virtual Commercial Credit Card: A Solution Tailored for Corporates and Travel Agents

Addressing the specific requirements of corporates and travel agents who handle numerous bookings in multiple foreign currencies, IndusInd Bank’s Virtual Commercial Credit Card is a game-changer. The innovative offering allows commercial users to generate virtual cards or credentials in foreign currencies. Each virtual card can be fully customized, right from setting transaction-specific limits to defining expiry dates, thus providing utmost security and a seamless payment experience.

Leadership Insights: What the Experts are Saying

Soumitra Sen, Head – Consumer Banking and Marketing at IndusInd Bank, commented on the launch, “IndusInd Bank has always led the way in customer convenience by offering innovative banking solutions and a suite of credit cards. The ‘Virtual Commercial Credit Card’ is our latest solution catering to our corporate and travel industry partners. At IndusInd Bank, our commitment to delivering exceptional banking experiences drives us to continually innovate.”

Ramakrishnan Gopalan, Head – Products, India & South Asia at Visa, also weighed in: “At Visa, we recognize that businesses engaged in domestic and cross-border travel have unique needs. We are delighted to collaborate with IndusInd Bank to address these needs perfectly. Built on the Visa Payables Automation platform, this commercial card solution allows for multiple user access, better expense management, and sets new standards in transaction security.”

In summary, IndusInd Bank, in partnership with Visa and Juspay, is redefining cross-border transactions for corporates and travel agents with its new Virtual Commercial Credit Card. The card not only offers enhanced security but also allows for a high degree of customization, making it an ideal solution for secure and seamless international payments.