Mumbai, Jan. 14 -- 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.
The 'ICICI Bank Niyo Bharat Payroll Card' allows an individual to receive funds upto Rs. 1 lakh into the card account. It offers convenience and safety of digital banking to the blue-collar workforce, while providing a state-of-the-art salary disbursement solution...