Niyo Solutions
Niyo Solutions provides financial services including the Niyo Global Card, which offers benefits like zero forex charges, free international lounge access, and cashback on domestic spends.
Niyo Global Card Features
Niyo Solutions offers the Niyo Global Card with a range of benefits, including zero forex charges on international spends and zero TCS on spends up to 7 lakhs INR. Cardholders can enjoy free lounge access and receive up to 1% cashback on domestic purchases. The company provides global lounge access in over 1300 locations outside India and allows three free international ATM withdrawals per quarter. The card works seamlessly in 150 countries, supporting transactions across POS, ATM, and e-commerce platforms. Additionally, the Niyo Global card offers up to ₹5 Lakh insurance cover through the Deposit Insurance Scheme, insured by DICGC, a wholly-owned subsidiary of RBI.
Partnerships with Banks
Niyo Solutions collaborates with several banking institutions to offer their range of products. The Niyo Global zero forex card is available through partnerships with Equitas Small Finance Bank and DCB Bank. Additionally, they offer a secured credit card in partnership with SBM Bank India. These collaborations ensure that Niyo Solutions can offer competitive financial products that cater to a variety of customer needs.
Delivery Time and Availability
The Niyo Global zero forex card is designed to be accessible and convenient for international travelers. Niyo Solutions ensures quick delivery of the card, with customers receiving their cards within 3-5 days of application. The card is currently available to users in 150 countries, making it a reliable solution for both frequent and occasional international travelers.
Cost Savings on Foreign Transactions
Niyo Solutions offers zero forex markup debit and credit cards that help users save significantly on foreign currency transactions. These cards aim to reduce costs by eliminating forex markups, potentially saving users up to 5% on all international purchases. This feature is particularly beneficial for customers who frequently engage in cross-border transactions, whether for business or personal travel.
Insurance Coverage
Each Niyo Global card comes with up to ₹5 Lakh insurance cover provided by the Deposit Insurance Scheme. This coverage is insured by DICGC, a wholly-owned subsidiary of the Reserve Bank of India (RBI). This insurance ensures that cardholders have a financial safety net, enhancing the security and reliability of using Niyo Global cards for international and domestic transactions.