Niyo, India’s leading travel banking fintech, has extended its strategic partnership with for its flagship product, Niyo Global, to further strengthen its positioning in the travel banking sector and provide customers with a comprehensive banking suite along with unparalleled international travel card benefits.
This partnership extension takes a significant leap from offering just a co-branded travel card to a banking experience with international travel benefits.
As a significant boost to Niyo Global's offerings, the DCB Bank features are seamlessly integrated into the Niyo Global One app. This revolutionary app empowers customers to choose a DCB Bank Savings Bank account as a travel expense account with the associated interest benefits. Moreover, users can access the full spectrum of travel-related features offered by Niyo Global, such as a zero forex charges international debit card and the newly launched experience of free lounge access across 1,400 airports in the world.
With Niyo Global products, there is no need for an additional forex card that needs to be loaded with each currency every time you travel before embarking on an international trip; instead, their savings account comes equipped with a debit or credit card that outperforms traditional forex cards on the international stage. Furthermore, this versatile card can be utilized domestically, simplifying both international and domestic banking needs.
Virender Bisht, co-founder and CTO, said, "Our association with DCB Bank has a rich history, dating back to our first banking partnership with Niyo Global, which has redefined travel experiences for international travellers. With DCB Bank’s international acceptance rates - one of the best in the country, strengthening and integrating the DCB Bank offering in the Niyo Global app was a natural choice. International travel can be expensive with 3-5% charges on each spend. Helping travellers save this extra spend and enabling them with innovative tech features will always be our priority and we’re grateful to have partners like DCB Bank in this journey.”
Damodar Agarwal, Head Strategic Initiatives and Alternate Channels, DCB Bank, said, “It is exciting to take on a brand-new transformative journey with Niyo Global, an innovator in the fintech space. Our business alliance has come a long way and we are excited with the opportunity to transform the manner in which India travels internationally and save on foreign exchange spends. The Niyo Global Card powered by DCB Bank has been well received by both - leisure travellers and students going abroad for studies. This alliance testament to our commitment to provide customers with innovative financial solutions that simplifies international travel.
