Axis-Visa traveller card at $1 bn

Private lender Axis Bank’s Travel Currency Card programme in tie-up with Visa has become the first card in the country to touch USD 1-billion in volume.

Under the programme,business and leisure travellers load money in local currency of the destination they are travelling to and can use the pre-paid amount securely for meeting travel expenses.

Axis Bank’s Executive Director,S K Chakrabarti,said,”(Our customers) have loaded in excess of USD 100-million onto their cards over April and May this year alone.”

Even though credit cards remain a favourite with international travellers,a study done by Visa has found over 40