- There is no need of a bank account
- Can be issued to anyone after KYC
- Can be reloaded anytime with cash
- No need to visit bank for a prepaid card
- Can be issued by any retailer having the software
- Money can be withdrawn from any ATM
- Promoting Cashless society
- Can be swiped anywhere
- Attractive commission can be earned by the retailers on every online transaction
Prepaid cards are introduced as a smart alternative to cash, debit cards and credit cards. You can take them along with you anywhere and spend only what you have already deposited in your card.
There is no need for a bank account to apply for a prepaid card. You can reload it with cash anytime whenever you need. These cards are issued by retailers and are available in different range according to the customer’s need.
As a credit card alternative prepaid cards are issued to the customers having poor credit history or no credit history.
You can even withdraw cash using a prepaid card at any ATM, not all the banks allow customers to withdraw cash but some banks allow cash withdrawal through prepaid cards.
You can enjoy a several benefits of a Prepaid Card. Easy to use and a secure process without any need of bank account.