Tata Capital, in collaboration with private sector lender Axis Bank, have launched Tata Travel Card to provide travel and forex related services.

This pre-paid card will be available in nine currencies - the US dollar, the euro, the pound, Canadian dollar, Swedish kroner, Swiss franc, Singapore dollar, the yen, and UAE dirham. 

"The launch of Tata Travel Card fits in with the overall strategic intent of by Tata Capital to provide a complete suite travel and forex related services to its customers," Tata Capital Managing Director and Chief ExecutivePraveen P Kadle told reporters here.

He also said the NBFC would utilise the customer base of Tata companies to make the new card popular soon.

The Tata Travel Card, which will be marketed by T T Holdings and Services, aims to clock Rs 100 crore of business in the next two years.

Referring to the launch, Axis Bank Managing Director and Chief Executive Shikha Sharma said the bank will use its leadership position in a pre-paid forex segment for business growth in this segment.

"We are confident that the bank's leadership position in the pre-paid forex segment will be further strengthened with this tie-up and the Tata Tarvel Card will find ready acceptance in the market," Sharma told reporters here.

She also said Axis Bank has already crossed USD 2 billion mark in the forex card segment in 2011.