Home Current Affair November 2020 Razorpay launched New Corporate VISA cards

Razorpay launched New Corporate VISA cards

  • The CEO of Razorpay said that the Fintech Unicorn and Visa will jointly launch the RazorpayX Corporate Cards. The purpose of these Cards is to provide relief and stabilize the financial operations of COVID-19-affected startups and SMEs.
  • Highlights,
    - It will enable founders to free up working capital expenses with zero personal risks and liability and a repayment offering of up to 45 days of interest-free credit.
    - It can also be used to make online payments as well as purchases at a PoS in a brick-and-mortar.
    - It will also help entrepreneurs set up recurring & non-recurring online payments and monitor monthly operational expenses.
    - It offers business owners dynamic credit limits of up to Rs 20,00,000/- and immense flexibility that they can also extend these corporate cards to their employees to create a smooth reimbursement experience.

Published On : 28 Nov 2020

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