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

Elizabeth Warren Questions MrBeast’s Purchase of Teen Fintech Step

The senator raises concerns about the implications for youth financial services.Highlights: Senator Elizabeth Warren questions MrBeast's fintech acquisition.Warren...

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...