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Federal Bank Introduces Fed StarBiz Credit Card in Partnership with Visa and NPCI
News
03 April 2025
2 min read
431
Federal Bank has launched Fed StarBiz, a credit card tailored for small and medium-sized enterprises (SMEs), in collaboration with Visa and the National Payments Corporation of India (NPCI). This initiative marks the bank's strategic entry into the commercial credit card sector, aiming to enhance financial management and convenience for business customers.
The Fed StarBiz card offers seamless integration with existing Overdraft (OD) or Cash Credit (CC) accounts, allowing businesses to access limits up to ₹50 lakh. Cardholders can conduct transactions up to ₹3 lakh per day or up to the available limit of the linked account, whichever is lower. Advanced tokenization and encryption technologies are employed to ensure transaction security. Additionally, all card transactions are reflected in the underlying OD/CC account, simplifying financial reconciliation. The card is available in both RuPay and Visa variants, providing extensive merchant network coverage across India.
Shalini Warrier, Executive Director at Federal Bank, emphasized the significance of SMEs in India's economic growth and highlighted the bank's commitment to offering innovative solutions to support this segment. She stated that the Fed StarBiz credit card is designed to provide business customers with the financial flexibility and security needed to thrive in a competitive environment.
Representatives from NPCI and Visa also expressed their support for the initiative, underscoring the importance of providing robust and secure payment solutions to empower businesses across India.
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