Axis Bank, one of India’s top private sector banks, has teamed up with Mastercard to launch MyBiz, a new credit card crafted specifically for sole proprietors and small business owners. This announcement, made on Wednesday, signifies a major advancement in providing financial solutions for small and medium enterprises (SMEs).

The MyBiz card, classified under the World Mastercard category, delivers an extensive array of business and travel benefits designed to meet the unique needs of SME owners. Vivek Gupta, President & Head of Wholesale Banking Products at Axis Bank, remarked, “We are dedicated to continuous innovation in transaction banking at Axis Bank, offering our small business clients a digital solution that enhances their experience with increased purchasing power, zero liability protection, and improved employee controls”.

Cardholders will benefit from features such as access to airport lounges and travel insurance, along with various business services focusing on productivity, marketing, online readiness, security, and compliance through Mastercard Easy Savings Specials. Moreover, users will enjoy exclusive experiences in culinary, wellness, and sports via priceless.com.

Anubhav Gupta, Senior Vice President of Business Development at Mastercard, highlighted the increasing number of entrepreneurs in India, noting that this partnership aims to create innovative financial products that cater to both business and lifestyle needs. He stated, “This collaboration merges Axis Bank’s market knowledge with Mastercard’s global payment expertise, providing substantial advantages for small business owners and establishing a new standard in the business credit card sector”.