Axis Bank achieves target of $1 billion travel cards

Leading private sector bank Axis Bank’s Travel Currency Card Program which also included a tie up with Visa has reached a volume of $ 1 billion. It is the 1^st card in India to reach this target.

The card offers the convenience of stacking money in local currency for both business and common travellers which can be used in prepaid type for paying expenses on the tour.

S K Chakrabarti, Axis Bank’s Executive Director said: “(Our customers) have loaded in excess of $100-million onto their cards over April and May this year alone.”

While credit cards are mainly used by travellers, prepaid cards are slowly gaining popularity amongst the travellers.

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