MUMBAI: Fintech company Niyo, in association with SBM Bank India and Visa, said on Friday that it is now offering a digital savings account with Niyo Global.
Besides zero exchange margin, clients can now earn interest on the savings account, he said, adding that Niyo Global used to serve over 300,000 clients over the past two years and with this latest development aims to simplify foreign exchange spending for international travelers and students.
“There is also a plan for rapid market share expansion by listing partnerships with major travel aggregation companies and OTAs. Niyo Global is already the product of choice for all students and also aims to achieve similar dominance in the leisure travel category, ”he said.
According to the statement, Indian passport holders can take advantage of all the features of the Niyo Global card, such as zero currency surcharge on car rentals, flight and hotel reservations, live currency conversion and the ATM locator on the app.
Vinay Bagri, Co-Founder and Managing Director of Niyo, said: “We are delighted to partner with globally recognized entities such as SBM Bank (India) and Visa. The Niyo Global is now upgraded to a full-service digital bank account for citizens of the world, and we believe our premium offering will foster a smart way to travel into the new normal. “
Neeraj Sinha, Head (Consumer and Retail Banking) at 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-oriented and customer-friendly perspective. This is exactly what we are aiming for through our partnership with Niyo. “
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