RazorpayX, Visa to launch corporate cards for SMEs in India

These bank-issued cards will help provide relief and stabilise the financial operations of severely impacted business owners of startups and SMEs in India. The company aims to target 50,000 entrepreneurs by March 2021 in Bangalore, Karnataka, India. After having launched Corporate Credit Cards for all businesses in November 2019, Razorpay’s new card offers functionalities specifically designed for small business owners to weather the pandemic impact.

With a high credit limit, RazorpayX’s Corporate Cards will support founders to free up working capital expenses with zero personal risk and liability and a repayment offering of up to 45 days of interest-free credit. RazorpayX Corporate Cards will help entrepreneurs set up recurring and non-recurring online payments and monitor monthly operational expenses.

The Corporate Cards offer business owners dynamic credit limits of up to INR 20 lakhs, and can also extend these corporate cards to their employees. They can be used to make online payments as well as purchases at a POS in a brick-and-mortar.