Latest News | Business Brief BANKIT Offers Customised, Co-branded Prepaid Cards to Companies

New Delhi, Jun 25 (PTI) Fintech start-up BANKIT will offer customised and co-branded prepaid card to businesses which they can issue to their employees with a loadable value up to Rs 2 lakh.

The company has launched a new business unit under which it will offer customisable and co-branded prepaid card solutions to MSMEs, start-ups and corporates, the company said on Friday. This new unit will allow the businesses to issue prepaid cards to their employees and customers, supported by a cardholder mobile app. This prepaid card can be used online, shops or at ATMs, the Noida-based company said.

The cards can be loaded with a maximum balance of Rs 2 lakh and used for utility bill payments, wallet recharges, online shopping at e-commerce platforms, ticket booking, cash withdrawals at ATMs and making payments at point-of-sale (POS) terminals. The cards will be available in virtual, plastic and wearable forms.

BANKIT Chief Strategy Officer Satyajeet Limaye said, "We are focused towards MSMEs, start-ups and offer branding opportunities for corporates through customisable prepaid card solutions." HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)