Transcorp launches pre-paid card in association with Yes Bank

Forex and inward solutions provider Transcorp International today launched a platinum pre-paid card in association with Yes Bank that can be used for transactions in stores and ATMs across the country.

It can also be used by organisations to disburse wages and salaries to even those employees who do not have a bank account, Transcorp said in a statement.

The card is being launched in association with Yes Bank, the country's leading private bank and RUPAY India s very own switch powered by NPCI, it said.

Over the next few months, it said, the company will roll out its own wallet Transcash.

"The card can be prefunded or money can be loaded in the card by the employer or by the card holder himself. The maximum amount that can be loaded is Rs 10,000 in case of non KYC (Know Your Customer) compliant card and Rs 1,00,000 in case of KYC compliant card," the company said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)