ICICI Bank: Ties up with Niyo to issue prepaid cards to MSMEs

  • ICICI Bank Ltd leading private sector bank in India the Bank’s consolidated total assets stood at ₹14,76,014 crore
  • Niyo digital banking fintech conceptualized in 2015 currently operates in 4 major business lines
  • ICICI Bank and Niyo, new-age fintech announce a tie-up to issue prepaid cards to workers of Micro, Small & Medium Enterprises
  • Partnership with ICICI bank a milestone in the journey to provide best in class service to the underbanked blue-collar segment
  • The partnership creates an opportunity to provide all banking services to this segment across the length and breadth of the country
  • Niyo provides an integrated solution comprising a digital account in addition to the Bharat mobile app
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...