Axis Bank is gearing up to launch the new MyBiz Credit Card for small businesses and enterprises in partnership with Mastercard. This card aims to reward transactions made by small business owners and support their growth. Cardholders will enjoy exclusive insurance benefits and the option for EMI flexibility. Further details about this latest business credit card from Axis Bank are yet to be revealed.

Vivek Gupta, President & Head – Wholesale Banking Products, Axis Bank said “At Axis Bank, we are delighted in being able to serve our small business customers with continuous innovation in Transaction Banking – this time through our Commercial Card B2B proposition. Arising from our close partnership with MasterCard , the MyBiz card leverages the power of Mastercard’s ‘World’ platform that delivers industry leading real value. MyBiz card offers a comprehensive and upsized suite of business and travel benefits – an end to end digital offering that simplifies our small business clients’ experience in managing payments, in optimising working capital and in enhancing operational efficiency.”

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As India’s entrepreneurial sector expands, personalized solutions like the MyBiz card have become increasingly important. Anubhav Gupta, Senior Vice President of Business Development at Mastercard, emphasized that this collaboration seeks to provide innovative financial solutions tailored to the Indian SME market.

The Axis Bank MyBiz credit card offers small business owners a comprehensive tool to manage both business and travel expenses, while also rewarding them for commercial transactions. This strategic partnership between Axis Bank and Mastercard is anticipated to significantly influence the corporate credit card market in India, which is currently led by HDFC Business Credit Cards, including the HDFC Biz Black Credit Card.

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