Vi (Vodafone Idea) has partnered with travel banking fintech Niyo to provide zero forex markup card delivery for Vi customers travelling overseas this holiday season. The partnership covers customers travelling for holidays, business, or higher education.
Forex card request and activation process
Vi customers can request the zero forex markup Niyo forex card through the Vi App. After a request is placed:
- A Niyo executive assists customers with KYC verification
- Support is provided for card setup and completion of a trial transaction
Introductory offer for Vi customers
Under an introductory offer, Vi customers receive Niyo Premium service, priced at Rs. 999 per year, at no cost. The included benefits are:
- Up to Rs. 10,000 in annual travel savings
- Zero convenience fee on visa and flight bookings through the Niyo app
- Flat 10% discount on international hotel bookings on the Niyo app
- One complimentary lounge access every quarter
- One free ATM withdrawal every quarter
International usage and forex processing
The Niyo forex card is accepted in more than 180 countries. International transactions are processed at base exchange rates, helping customers avoid the 3% to 5% forex markup commonly applied to overseas card transactions.
Vi’s international roaming and travel-related initiatives
The Niyo partnership aligns with Vi’s international roaming strategy. Recent initiatives include:
- International roaming discounts on Vi Family Postpaid plans, with 10% off for secondary members and 25% off for REDX Family users
- Travel insurance cover of Rs. 40 lakh priced at Rs. 285 with all Vi international roaming packs, offered in partnership with Aditya Birla Health Insurance
- Delayed or lost baggage protection providing compensation of up to Rs. 19,800 per bag for Rs. 99, through a partnership with Blue Ribbon Bags
Availability
Vi customers can request the Niyo zero forex markup card through the Vi App. Customers must enter their name and pin code to check eligibility for Niyo Express doorstep delivery within 24 hours. For locations not covered under Niyo Express, customers can download the Niyo App and activate the card digitally.
Outlook
The partnership with Niyo reflects Vi’s efforts to extend its international travel-related services beyond connectivity. The integration of forex spending support alongside roaming plans, travel insurance, and baggage protection indicates a broader focus on travel-related customer requirements.