ICICI Bank Launches Sapphiro Forex Card for Students Studying Abroad

ICICI Bank has introduced the Sapphiro Forex Card, designed for students pursuing higher education abroad. The Visa-powered card offers benefits for managing educational expenses, with the capability to load and transact in 15 currencies without extra charges. A welcome kit and digital reloading options further enhance its convenience.

On Tuesday, ICICI Bank unveiled its new pre-paid Sapphiro Forex Card, specifically tailored for students heading abroad for higher education. The Visa-powered card aims to simplify the management of education-related expenses like admission and course fees, as well as daily costs such as travel, dining, and groceries, the bank revealed in a statement.

Offering the convenience of loading and transacting in 15 currencies without incurring cross-currency mark-up charges, the Sapphiro Forex Card allows students to seamlessly navigate global financial transactions, even if they load only one currency onto the card. The card also comes with enticing joining benefits worth up to Rs 15,000 and exclusive privileges, the bank noted.

To ensure uninterrupted access, the card package includes a primary and a replacement card, both of which can be activated digitally via iMobile Pay, internet banking, or through customer care in case of loss or damage. Additionally, the card can be reloaded instantly and digitally by students and their parents, 24/7, from anywhere, through iMobile Pay and internet banking, ICICI Bank elaborated.

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