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ICICI Bank rolls out Student Sapphiro Forex Card for Indian students

By Gloria Mathias

July 03, 2024

  • Digital Payments
  • Fintech India News
  • Fintech news
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ICICI Card, India Students, Study Abroad students, International Card Payments,ICICI Bank has announced the launch of its ‘Student Sapphiro Forex Card’, a premium forex prepaid card for students pursuing higher education abroad.

The card, powered by Visa, provides exclusive benefits and convenience to students and their parents to manage education-related expenses abroad, such as admission fees, course-related fees and other day-to-day expenses, including travel, dining and groceries.

This initiative comes in the wake of a continuing surge in the number of Indian students going overseas for higher education. The ICICI Bank Student Sapphiro Forex Card comes with an array of joining benefits up to Rs 15,000, along with exclusive privileges. It comes with a welcome kit with two cards, a primary and a replacement card, that can be activated digitally through iMobile Pay, internet banking or by calling the bank’s customer care in the event of loss/damage to the primary card.

Like any other Forex card offered by the Bank, this card can be reloaded digitally using iMobile Pay and Internet banking by the students and their parents instantly, anytime and from anywhere. With this card, the Bank has a suite of forex cards for students travelling abroad.

Speaking on the launch, Niraj Tralshawala, Head of Payment Solutions at ICICI Bank, said, “We are delighted to offer a new premium forex card with attractive benefits for students travelling abroad for education. It offers students the triple advantage of payment of tuition and daily expenses, digital re-loading of the card by parents from anywhere, and additional curated benefits. We believe that this card empowers students and their parents with a hassle-free and seamless experience for payments abroad.”

Sujai Raina, Country Manager, Visa India, said, “Visa is delighted to partner with ICICI Bank to launch the Student Sapphiro Forex Card, created for the growing student segment opting for overseas education. While they pursue their studies, they can conveniently use this card to manage numerous expenses, including tuition, travel, dining, and groceries. By tailoring card features to the needs of life abroad, Visa ensures seamless, safe transactions, complete ease of use and global acceptance. This comprehensive financial solution addresses the diverse requirements of today’s students, making it worry-free so they can have a better study abroad experience.”

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