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ICICI Bank ties up with Niyo to issue prepaid cards to MSMEs
ICICI Bank ties up with Niyo to issue prepaid cards to MSMEs
Mumbai : Private sector lender ICICI Bank and Niyo, a new age fintech on Thursday, announced a tie-up to issue prepaid cards to workers of Micro, Small & Medium Enterprises (MSMEs).
MSMEs will now be able to get ‘ICICI Bank Niyo Bharat Payroll Card’ powered by Visa, for their blue-collar workers, who are mostly under-banked. With this, MSMEs can upload the salaries of their workers on the card, which the workers can then utilise as per their need in a seamless manner.