ICICI Bank in debit card pact with Visa in US

India's second largest lender, ICICI Bank has entered into an agreement with Visa to issue debit cards in US.         

Under the agreement, ICICI Bank's New York branch will issue Visa debit cards to its Global Indian account and other checking account customers, a press release said here.         

"Visa has an unmatched suite of payment products that allows our customers to pay securely and conveniently for every type of purchase," ICICI Bank's US branch Head, G V S Ramesh said.         

The Global Indian account serves the banking needs of Indians moving overseas who require access to local banking facilities in US.         

The account provides customers with simultaneous access to a USD checking account at the bank's New York branch for their use in US and a Rupee NRE account at ICICI Bank for use in India, the release said.         

ICICI Bank opened its first New York in March in midtown Manhattan in 2008.