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December 22, 2020

ICICI Bank Canada rolls out new Visa debit card

ICICI Bank Canada has launched a new Visa debit card to provide shoppers with access to global retail outlets, online shopping, and contactless payments across the country.

The bank has joined forces with Everlink Payment Services (EPS) to lead the card’s adoption for financial institutions and drive digital payments in the country.

The new ‘ICICI Bank Canada Visa Debit Card’ is powered by Visa, Interac, and THE EXCHANGE Network.

Card benefits

Cardholders can use this card to shop online at over 1.5 million merchant locations and 55 million retail outlets worldwide.

They can use the ICICI Bank Canada iMobile app or the online banking platform to activate and block or unblock the card.

The new card enables Canadians to make payments at over 450,000 point-of-sale (POS) terminals in the country.

It also enables surcharge-free cash withdrawals from thousands of Automated Banking Machines (ABMs) in Canada.

The card offers 24×7 fraud monitoring and Visa security measures to safeguard online payments.

Customers can visit any ICICI Bank Canada branch or contact the customer service team to apply for the card.

Comments

Visa Canada president and country manager Stacey Madge said: “We are pleased to work with ICICI Bank Canada to offer its customers increased choice, flexibility, and security through access to Visa’s leading debit capabilities.”

Commenting on the launch, ICICI Bank Canada President and CEO, Sandeep Goel said: “We are delighted to join hands with our long-standing partner Visa for the launch of this unique debit card.

“We believe that this card will act as an enabler to provide our customers with a frictionless payment experience across channels.”

Everlink President and CEO Mark Ripplinger said: “It has been a pleasure to work with ICICI Bank Canada to bring ‘ICICI Bank Canada Visa Debit Card’ to market and we are very excited about the benefits this program will bring.

“This has only been accelerated over the last eight months as cardholders seek safer ways to shop.”

FICANEX president and CEO Andrew Obee said: “THE EXCHANGE Network saves Canadian cardholders millions of dollars each year in ABM surcharge fees and we are thrilled that our longstanding member, ICICI Bank Canada, is extending our unique network value to its ICICI Bank Canada Visa Debit Card cardholders.”

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