Visa, one of the leaders in digital payments, has introduced a new initiative that enables consumers to invest in mutual funds using their Visa debit cards.
Launched in partnership with Razorpay, the service is now available to customers of Federal Bank and ICICI Bank. “With the Indian mutual fund industry’s average assets under management valued at Rs. 46.94 trillion for August 20231, a sixfold increase in 10 years, this innovative move will allow retail investors to enjoy the convenience, safety, and security of using their debit cards for mutual fund investments,” Visa said.
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