Tag Archives: Co-Founder and Chief Executive Officer

ICICI Bank ties-up with MakeMyTrip for co-branded credit cards

ICICI Bank MMT Signature F

ICICI Bank have announced its partnership with MakeMyTrip to introduce a range of co-branded credit cards for travel enthusiasts. According to the agreement, ICICI Bank will offer two types of credit card – MakeMyTrip ICICI Bank Platinum Credit Card and MakeMyTrip ICICI Bank Signature Credit Card. The cards provide customers attractive lifestyle privileges as well as the opportunity to convert their daily spends on the card to MakeMyTrip ‘MyCash’, the reward currency of the travel portal. Each reward point earned as ‘My Cash’ has a value of Re 1. It can be redeemed across an array of categories on the travel portal such as air-travel, hotel booking, holiday packages. Additionally, customers can also use it to redeem for vouchers of partner merchants of MakeMyTrip for categories including cab aggregators, online movie ticketing platforms, e-commerce portals among many others. Further, customers also get the advantage of joining benefits, additional bonus reward points from the bank on specified spends on the card, complimentary access to domestic airport & railway lounges and ‘MMTBLACK’ & ‘MMTDOUBLEBLACK’ – loyalty programmes of MakeMyTrip. These cards are powered by the ‘VISA payWave’ contactless technology that enables the cardholder to make payments by simply tapping the card at contactless enabled terminals in more than 48 countries including India. The card can also be used by dipping or swiping at non-contactless merchants. Anup Bagchi, Executive Director, ICICI Bank, said, “The new co-branded card offers customers unmatched benefits on travel related spends. We believe that this card will be yet another imperative addition to our existing range of credit and debit cards.” Rajesh Magow, Co – Founder and Chief Executive Officer, MakeMyTrip, said; “This partnership will deliver most meaningful and distinctive value proposition …

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Yatra acquires Air Travel Bureau

Yatra Online, Inc. logo (PRNewsfoto/Yatra Online, Inc.)

Yatra Online, Inc. has announced acquisition of  Air Travel Bureau, India’s largest independent corporate travel services provider, under definitive agreement through its subsidiary, Yatra Online. “This acquisition will allow us to deliver best-in-class experiences to an even wider set of travellers, through our web and mobile app platforms and enhance our reach to cross-sell our entire product suite, including hotels, to this customer base ” said Dhruv Shringi, Co-Founder and Chief Executive Officer, Yatra Online, Inc. “ATB has built a very strong presence over the last 30 years in the corporate travel space,” said Sunil Narain, Chairman and Chief Executive Officer, ATB.

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