ICICI Bank & Visa's Corporate Sapphiro Forex Card: Travel Perks Exceed Rs 15,000, Joining Fee Details

ICICI Bank, in partnership with Visa, has launched the 'Corporate Sapphiro Forex Card', a prepaid forex card designed for Indian entrepreneurs and corporate leaders who frequently travel abroad for business. This card is the first of its kind in Asia, integrating the features of a prepaid forex card with Visa Infinite benefits.

The Corporate Sapphiro Forex Card aims to simplify international payments and offer travel-related facilities to corporate users. It combines the flexibility of a prepaid forex card with curated lifestyle benefits, convenience, and value for frequent travelers.

Key Features and Benefits

  • Travel Benefits: The card offers travel and lifestyle benefits worth over ₹15,000, including two complimentary international airport lounge visits and 'Meet and Assist' services for a smooth airport experience. Cardholders also get a complimentary international eSIM.
  • Currency and Usage: The card supports loading and transacting in 15 currencies. It also offers zero cross-currency mark-up charges, enabling convenient travel across the globe even when only one currency is loaded.
  • Digital Access: Entrepreneurs and corporate leaders with a current account at ICICI Bank can apply, activate, and instantly load the card digitally through the InstaBIZ app. The same feature will soon be available to employees of large corporations. The ability to apply, activate, and load the card will also be available on Corporate Internet Banking shortly.
  • Welcome Kit: The welcome kit includes a primary card and a replacement card, providing a backup in case the primary card is misplaced.
  • ATM Withdrawals: Cardholders are entitled to three ATM fee waivers per month.
  • Other Benefits: Access to preferential rates at select hotels and airlines. A complimentary international eSIM card offered by Visa.

Fees and Charges

The Corporate Sapphiro Forex Card has a joining fee of ₹2,999 plus GST.

Statements from ICICI Bank and Visa

Mr. Vipul Agarwal, Head – Cards & Payment Solutions, ICICI Bank, stated that this card is tailored for business owners and brings attractive benefits from the Visa Infinite platform to a prepaid forex card for the first time in Asia. Ms. Shruti Gupta, Head of Consumer & Money Movement Solutions at Visa India and South Asia, said that the partnership reiterates the commitment of Visa and ICICI Bank towards innovation in business payments and curated customer experiences.

How to Apply and Manage the Card

ICICI Bank customers can apply, load, and manage the card by logging into the InstaBIZ app. Foreign currencies can also be loaded onto the card through the InstaBIZ app or at ICICI Bank forex-enabled branches.

The launch of the Corporate Sapphiro Forex Card demonstrates ICICI Bank and Visa's commitment to providing innovative and convenient solutions for international business travelers.


Written By
With a bright, engaging personality and a passion for sports, Yashika is a curious journalist who loves exploring human-interest stories and the unique characters in her city. She has a natural ability to connect with people and is passionate about sharing their personal narratives. Yashika is currently developing her interviewing skills, focusing on building rapport and creating a comfortable space for individuals to share their experiences authentically.
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