- ‘Issuance’ to enable companies to launch mono-branded and co-branded prepaid cards and wallets for their prospects, workers and companions
- ‘Issuance’, with its low-code and no-code flows to enable companies launch their prepaid cards inside weeks with minimal integration
- ‘Issuance’ to enable customization of design and performance
- ‘Issuance’ to help companies in payroll & incentive disbursals, buyer loyalty applications, expense administration amongst different use instances
- ‘Issuance’ to assist fintechs scale their neo-banking use instances
BENGALURU, India, Oct. 20, 2022 /PRNewswire/ — Cashfree Payments, India’s main funds and API banking options firm, introduced the launch of Card Issuance Stack with their new resolution ‘Issuance’ to enable companies comparable to fintechs and platforms to launch prepaid cards and wallets for their prospects, workers and companions. ‘Issuance’ is a prepaid card and pockets issuance API stack which can be utilized for payroll & incentive disbursals, buyer loyalty applications, expense administration amongst different use instances. ‘Issuance’ permits companies to launch each bodily and digital prepaid cards.
‘Issuance’ will provide low-code and no-code flows to enable companies to launch their custom-made prepaid card or pockets in just a few weeks with out deep integration with a number of entities. ‘Issuance’ permits platforms to design and customise their own prepaid card options together with assigning of spend limits, creating closed loop, open loop or hybrid fee choices, facilitating minimal and full KYC prepaid cards. ‘Issuance’ permits companies to launch each mono-branded and co-branded prepaid cards. ‘Issuance’ might be bundled seamlessly with Cashfree Payments’ Payment Gateway and Payouts to create a robust device for business. For instance, fintechs can leverage the options to scale their neo-banking use instances comparable to parent-child and household expense administration, amongst different use instances.
Akash Sinha, Co-founder and CEO of Cashfree Payments stated, “We are extremely proud to launch Cashfree Payments’ Card Issuance Stack with our new solution ‘Issuance’. ‘Issuance’ with its low-code flow is yet another example of Cashfree Payments technological prowess wherein with minimal integration, Fintechs & Platforms can launch their prepaid card & wallet program in a matter of weeks. As a front-runner in the API Banking & Payments space, ‘Issuance’ strengthens our focus on accelerating digital payments for India.”
With over 50% market share amongst fee processors, Cashfree Payments right this moment leads the best way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the corporate’s function in constructing a strong funds ecosystem. Cashfree Payments works intently with all main banks to construct the core funds and banking infrastructure that powers the corporate’s merchandise and can be built-in with main platforms comparable to Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments merchandise are utilized in eight different nations together with the USA, Canada and UAE.
About Cashfree Payments
Cashfree Payments is a number one fee and API banking options firm. It offers full-stack funds options enabling companies in India to gather funds and make payouts by way of all accessible strategies with easy integration. Cashfree Payments’ choices embrace a sophisticated and simple method to combine fee gateways, a cut up fee resolution for marketplaces, checking account verification API, and Auto Collect — a digital account resolution to match inbound funds to prospects. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the many main fee service suppliers in India processing transactions value USD 40 Billion yearly. It has leveraged expertise to lead fee disbursals in India with greater than 50% market share amongst fee processors. Cashfree Payments permits greater than 1,50,000 companies with fee collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments merchandise are utilized in eight different nations together with the USA, Canada, and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was incubated by PayPal.
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