Tag Archives: Rajesh Magow

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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MMT launches MyBusiness for SMEs

NEW make-my-trip-logo

In a bid to tap into the growing corporate travel segment in India, MakeMyTrip has launched MyBusiness, a convenient, transparent and efficient self-booking tool on the MMT app. The tool will help keep control in the hands of the company while providing corporate travel benefits and savings for all. Speaking at the launch, Rajesh Magow, Co-Founder and CEO – India, MakeMyTrip, said, “MakeMyTrip has always been an enabler of change in the way Indians travel. Our focus and investment in MyBusiness underlines our sense of purpose in changing the way corporate India moves. We have an aggressive plan in place to tap into this fast-growing business travel market by moving complex offline processes to a convenient and efficient online booking experience for employees and employers alike.” Ranjeet Oak, Chief Business Officer, MakeMyTrip, said, “For most organisations, business travel spending is the second largest expense and the entire process allows certain amount of discrepancies and reimbursement issues later on. SME corporates are contributing to 70 per cent of the flourishing Indian corporate travel business and with MyBusiness; we are empowering the entire ecosystem by establishing the ‘Choice’ with the traveller, ‘Control’ with the company and ‘Benefits and Savings’ for all.” MyBusiness will not only make business of any size avail best corporate travel deals but will also reduce friction in the expense process. By introducing the new corporate wallet on MyBusiness, the companies will be able to reduce payment inefficiencies, liabilities and potential corporate card abuse, in turn providing employees and companies greater flexibility. This would be supported via dedicated corporate helpdesks that will be operational 24×7.

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