Cards We Issue

Different Types of Cards for Corporates and Co-Issuing Partners

Prepaid cards are payment instruments loaded with funds in advance, offering a versatile alternative to traditional debit and credit cards. Unlike debit cards linked to bank accounts or credit cards tied to credit lines, prepaid cards allow users to spend only what’s preloaded, making them ideal for controlled spending. For corporates, co-issuing partners, fintechs or businesses, issuing prepaid cards can enhance financial offerings, streamline operations, and cater to diverse needs.

Types of prepaid cards we issue

Prepaid cards vary by design, functionality, and target audience. Below are the primary types, their features, and how they align with corporate and co-issuing partner goals.

#### General Purpose Reloadable (GPR) Prepaid Cards

These are versatile, reloadable cards branded with networks like Visa, Mastercard, or Rupay, usable anywhere these brands are accepted. These cards can be reloaded multiple times, with online account management
| Use Case for Corporates | Use Case for Co-Issuing Partners |

| --- | --- |
| Employee Expense Management:

Companies can issue GPR cards to employees for business expenses, such as travel or office supplies, with predefined limits to control spending. | Customer Accessibility:

Fintechs can offer GPR cards to unbanked or underbanked customers, providing a digital payment solution without requiring a traditional bank account. |
| Payroll Distribution:

Ideal for distributing salaries to employees without bank accounts, reducing administrative overhead and ensuring timely payments. | Revenue Stream:

Partners can earn interchange fees and upsell services like budgeting tools or loyalty programs linked to the card. |

#### Closed-Loop Prepaid Cards

These cards are restricted to specific merchants or retail chains (e.g., a Starbucks gift card) tied to a single brand or group of stores.

Use Case for Corporates	Use Case for Co-Issuing Partners
Promotional Campaigns: Ideal for distributing branded gift cards to customers, fostering engagement and driving purchases within the corporate ecosystem.	Quick Deployment: Easier to launch, allowing partners to test market reception with minimal infrastructure.

#### Gift Cards

Single-use gift cards with a fixed amount, available for specific stores or multiple brands. Easy to purchase, distribute, and customize with your branding.

Use Case for Corporates	Use Case for Co-Issuing Partners
Employee Recognition: Gift employees during holidays or milestones with cards usable at popular retailers.	Retail Partnerships: Collaborate with retailers to issue co-branded gift cards, sharing revenue from sales and usage.
Customer Incentives: Offer as promotional giveaways to boost sales or engagement.	Custom Branding: Enhance brand visibility by issuing cards with partner logos and designs.

#### Meal Cards A reloadable card designed for purchasing food items while offering tax benefits. It can be reloadable or single-use, depending on the issuer's setup.

Accepted only at restaurants, grocery stores, cafes.
Seamlessly integrates with payroll or expense systems for hassle-free use.

Use Case for Corporate	Use Case for Co-Issuing Partners
Employee Meal Allowance: A company provides employees with a meal allowance to provide tax benefits under Section 17(2)	Corporate Partnerships for Employee Benefits: A fintech partners can offer meal card programs as part of their product offering.
Meal Cards with Per Diem Limit: Provide temporary meal cards with a per diem limit for the travel duration. Limiting spending to food, avoiding misuse on non-essential items.	Close-loop Meal Cards: Issue closed-loop meal cards usable only on the partnered platform, with reloadable funds. Offer discounts or cashback to incentivize usage.
Simplified Reporting: Transactions are tracked automatically, reducing paperwork.	Customer Retention: Locks users into the platform, boosting order frequency.

#### Travel Prepaid Cards

INR or multi-currency cards designed for Domestic & international use. reloadable, support for multiple currencies, lower foreign transaction fees, emergency cash access.

Use Case for Corporates	Use Case for Co-Issuing Partners
Business Travel: Issued to employees for domestic or international trips, ensuring controlled spending and reducing currency exchange hassles.	Travel Industry Collaboration: Partners with travel agencies or airlines can co-issue branded travel cards, offering perks like discounts or rewards.
Expense Tracking: Simplifies reconciliation of travel expenses with real-time transaction monitoring.	Global Reach: Appeals to customers needing a secure payment option abroad, expanding market presence.

Corporate Expense Cards

Expense cards tailored for business-specific expenses with customizable spending limits.
Reloadable, category-specific restrictions (e.g., fuel only), integration with expense management software.

Use Case for Corporates	Use Case for Co-Issuing Partners
Departmental Budgets: Allocate funds to departments (e.g., marketing, logistics) with strict limits, preventing overspending.	Expense Management Solutions: Fintechs can bundle these cards with EnKash expense managment software for tracking and reporting, offering a comprehensive business tool.
Vendor Payments: Distribute cards to vendors for small-scale payments, avoiding invoice delays.	Markets: Ideal for small businesses or startups needing cost-effective expense solutions.

Payroll Cards

A card specifically designed for wage disbursement, reloadable by employers. Comes with direct deposit capability, low fees for employees, compliance with payroll regulations.

Use Case for Corporates	Use Case for Co-Issuing Partners
Efficient Payroll: Streamlines wage payments for temporary, contract, or unbanked workers, reducing reliance on paper checks and associated costs.	Corporate Partnerships: ERP/HRMS can partner with businesses to manage payroll card programs, earning fees per card issued or transaction processed.
Employee Benefits: Offers employees instant access to funds, improving financial flexibility without needing a bank account.	Scalability: Allows partners to scale offerings to multiple corporate clients, enhancing their service portfolio.

Last modified: 17 days ago