Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Travel Money with YES BANK to launch Forex Card on Visa network

Posted On: 2019-08-16 13:31:38

Ritesh Pai, Chief Digital Officer, YES BANK said, "YES BANK is pleased to partner with FCM Travel to provide highly secure digital payment solutions coupled with a completely seamless experience to customers while travelling abroad. Such partnerships are an extension of YES BANK's A.R.T. (alliances and relationships driven by technology) philosophy and puts us firmly on the track to be the cutting-edge digital bank in India. As a Bank, we always focus on future-ready concepts and strategies and be ahead of the curve in implementing new age banking solutions for the ease of our customers."

Murali Nair, VP and Head of Business Development, India, Visa said, "People who travel overseas and to different countries often have to manage multiple currencies in cash and worry about the threat of loss or theft. We are delighted to partner with Yes Bank and bring India's first cobranded Multi-Currency Travel Prepaid Card to the customers of Travel Money. They can now travel and use these cards in any part of the world without worrying about their money's safety."

Prabhu R, Director, M2P Solutions P Ltd said, "India is going through a phase of rampant growth in foreign travel for leisure and work. Travellers yearn for better experiences and convenience during their travel abroad. We are pleased to bring to life this exciting product to market, in partnership with Yes bank and FCM Travel and we are confident that the Travel Forex Card is a perfect mix of technology, convenience & safety, providing travellers complete peace of mind."

Mr. Rakshit Desai, Managing Director, FCM Travel Solutions - Indian subsidiary of Flight Centre Travel Group added, "We are always looking to make travel more comfortable and hassle free for our travellers. The Travel Money Forex Card lets travellers spend in 10 different currencies world over and comes with a host of features, exclusive benefits and ease of use, making travelling abroad easy. In this endeavour, we are happy to have Yes Bank as our trusted partner in offering high quality services to travellers."

Mr. Gagan Malhotra, Brand Leader, Travel Money, Foreign Exchange Brand of FCM Travel Solutions, said, "With an increasing number of Indians travelling abroad every year, potential travellers requiring forex card services continue to grow. With the launch of this co-branded card with Yes Bank, Travel Money is looking forward to use technology to make international travel even more convenient for our growing traveller base. We are certain that we will use this opportunity to make a difference in travellers' lives."

The card's distinctive features provide travellers total control of their card at their fingertips. Travellers can load up to 10 currencies on the card, track their daily travel budget, instantly check the INR value on the app, and locate surcharge free ATMs nearby. Additionally, in case of suspicious transactions, the card can be easily locked/ blocked by the traveller without assistance from customer service. The Travel Money YES BANK Multi -Currency Visa card is available across 135 Travel Money offices in India.

Shares of YES BANK LTD. was last trading in BSE at Rs.76.55 as compared to the previous close of Rs. 73.6. The total number of shares traded during the day was 11539093 in over 39820 trades.

The stock hit an intraday high of Rs. 77.85 and intraday low of 70.5. The net turnover during the day was Rs. 871193281.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Morgan Credits Private Limited has sold 2.3% stake in YES Bank Ltd

AXIS Bank opens QIP, fixes floor price as Rs. 661.50

Lux Industries Limited issues CPs of Rs. 50 crore

Godrej Consumer Products Ltd increases stake in subsidiaries

ICRA reaffirms ratings of Reliance Chemotex Industries Ltd

Lincoln Pharmaceuticals Ltd board approves merger of Lincoln Parenteral Ltd

Thyrocare Technologies Ltd calls for board meeting on Sep 21, 2019

Capital India Finance Ltd inks MOU with Union Bank of India for Loan Co-origination

Morepen Laboratories Ltd board approves preferential issue

Mahindra BAJA SAEINDIA 2020 Commences its 13th edition

NMDC revises prices of Iron Ore w.e.f. 19-09-2019

Speedcast and Nelco Awarded Remote Communications Contract for Leading Indian Cruise Line

Bharat Forge Ltd acquisition update regarding Refu Drive GmbH

Kolte-Patil Developers delivers strong returns to Motilal Oswal Real Estate from its City Avenue Project

Astral Poly Technik Limited allots 3,01,32,441 bonus shares

Surya Roshni Ltd bags order of Rs.79.80 crore

TCS a Leader in Software Product Engineering Services: Everest Group

Thomas Cook India observes an impressive 21% growth in demand during Durga Puja

Now buy Detel TVs and connected essentials in IndiGo flights

TVS Motor Company launches TVS NTORQ 125 Race Edition

IDBI Bank board approves preferential issue to Government and LIC

1 millionth Maruti Suzuki car exported from Gujarat's Mundra Port

Mindtree Opens New European Headquarters in London

U.S. FDA issues Warning Letter for Lupin's Mandideep, Unit-1 facility

Ambuja Cements among the top 4 in global DJSI ranking

Ultratech Cement Limited Ranked Among The TOP 10 Companies Globally Under 'Construction Material' In The DJSI Index

CRISIL reaffirms ratings of Advanced Enzyme Technologies Ltd

Tata Communications and Cisco partner to create a fully managed contact centre solution for enhanced customer experience

Global Operators Collaborate with Industry Partners to Facilitate O-RAN Testing and Integration

Allahabad Bank launches retail loans linked with RBI's Repo Rate and 3 months MIBOR

Reliance Capital denies invocation of pledged RNAM shares

Madhav Infra Projects Ltd secures orders for road projects and solar project

Insilco restarts plant operations from Sep 18, 2019

ICRA affirms ratings of Hindustan Tin Works Ltd

Laurus Labs Ltd to acquire Phekolong Pharmaceuticals Pty Ltd

ICRA Ltd revises outlook on OBC's bonds

ICRA reaffirms commercial paper rating of Mahindra CIE Automotive Limited

Premier Explosives Ltd updates on successful test-firing of Astra Missile by IAF

Federal Bank's New Branch at Velachery Opened

Wipro positioned as a Leader in Gartner's Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America

RITES Ltd signs major export contract of $22.4 mn

SHARP Launches Its Range of Smart Home Appliances in India to Kick Off the Festive Season

FlexiLoans.com crosses Rs. 500 Crores Business Loans disbursal

mjunction's 13th Indian Coal Markets Conference begins

IDFC Ltd board to consider interim dividend on Sep 21, 2019

Oriental Bank of Commerce board approves merger

Emagia Announces AI-Powered Digital Receivables For Oracle ERP Cloud

Wipro positioned as a Leader in Gartner's Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Asia / Pacific

Indian Bank approves merger approval, fund raising

Endurance Technologies Ltd commences commercial production at Kolar plant







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019