Bank of India ties up with MasterCard to launch three cards

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State-run lender Bank of India tied up with MasterCard Friday to launch three new cards and also two new banking solutions for its card holders.

The bank launched Business Debit MasterCard, Platinum Credit MasterCard and International Travel MasterCard to improve customer’s payment experiences.

It will also offer two banking solutions- In Control for spend management and MasterCard rewards program for its customers.

"We constantly look to provide services that make the banking experience of our customers even more seamless and convenient.

The launch of 'MasterCard In Control’, the three new card offerings and loyalty program is yet another step in that direction," bank's Chairman and Managing Director V R Iyer told reporters here Friday.

Commenting on the launch, MasterCard Executive Director (South Asia) Vikas Varma, said, "At MasterCard it is our endeavour to leverage technology and introduce innovative payment solutions that are simple, safe and secure." Bank of India has 2.4 crore debit cards in circulation and around 1.30 lakh credit cards.