Bank of India (BOI) has partnered with Visa to roll out a new debit card designed for high net worth individuals (HNWIs), The Hindu Business Line reported.
The government-owned Mumbai-based commercial bank has launched the Signature Visa Debit Card.
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This card is offered to wealthy customers who maintain an average quarterly bank balance of at least INR1m ($13,572), the report added.
In a statement, the public sector bank said that this international contactless debit card will come in metal and plastic variants.
Bank of India said: “This card will have a spending limit of up to INR500,000 on POS and e-commerce, and INR100,000 on ATM.
“Other features include complimentary lounge access – two per quarter – and offers on travel, retail, dining, lifestyle, entertainment, luxury hotels, and reward points for online usage. It will also provide Insurance against fraudulent transactions.”
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By GlobalDataVisa latest updates
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Moreover, Visa and Norwegian digital wallet Vipps recently join forces to step up mobile payments in Europe.
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Besides, this August, the UK competition watchdog approved Visa’s $5.3bn acquisition of US fintech Plaid.
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