Founded in 2015, Niyo offers millennials savings and investment accounts through its Indian banking partners. The company is known for its global travel card, which offers zero forex charges and helps users save on international spends.
SBM Bank India, the wholly-owned subsidiary of foreign lender State Bank of Mauritius (SBM), has blocked the corporate credit cards it offered in partnership with several fintech players in India following a Reserve Bank of India (RBI) diktat to update their 'know your customer' (KYC) details, multiple people privy to ..
Several credit card holders complained of receiving the email from the bank just few days prior and some receiving it merely hours before the cards were blocked for use from midnight of 31 March.