ICICI Bank, in association with Visa, has introduced the Corporate Sapphiro Forex Card, a prepaid foreign exchange card for business travellers. As per the news reports, this card is aimed at simplifying international payments and offering travel-related facilities for corporate users.
The card can be used in 15 currencies and comes with zero cross-currency mark-up, making it usable across global destinations without additional charges. Customers will receive a primary card and a replacement card for backup if the main card is lost.
Entrepreneurs and corporate leaders can apply, activate, and load the card digitally through ICICI Bank’s InstaBIZ app. The facility is also planned to be extended to employees of larger corporates via the Corporate Internet Banking platform.
The Corporate Sapphiro Forex Card provides 2 complimentary international airport lounge visits, airport meet and assist services, and a complimentary international eSIM. Holders are entitled to three ATM withdrawal fee waivers per month and access to preferential rates at select hotels and airlines.
The joining fee for the card is set at ₹2,999 plus GST. ICICI Bank has stated that this is the first prepaid forex card in Asia to be powered by Visa Infinite, Visa’s premium card platform.
ICICI Bank reported total assets of ₹21,23,839 crore as of June 30, 2025. Visa, which supports the card, operates across more than 200 countries and territories, providing payment services for individuals, corporates, and institutions.
As of October 07, 2025, 09:30 AM, ICICI Bank share price was trading at ₹1,372.91, a 0.70% increase from the previous closing price.
Read More: ICICI Bank Gets RBI Nod to Acquire Additional Stake Up to 2% in ICICI Prudential AMC!
The Corporate Sapphiro Forex Card combines multi-currency use and travel benefits under a prepaid structure, targeting Indian business travellers with regular overseas requirements.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 7, 2025, 12:36 PM IST
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