India is the only country where 40% of the entire
population lack basic financial services. People are more conserved towards the
modern methods of banking. Where some deny having a bank account, many confuse
themselves with the myriad of regulatory rules that are followed stringently
for payments and transactions.
While the world adapted to banks and plastic
money in the form of credit and debit cards, ItzCash became India’s first
non-bank entity that brought something new to the table in the form of ItzCash cash card. ItzCash is now the leading cash card provider and a holistic
payments solution company. To help people understand the concept of a cash card
better, we ask the most basic of questions, “What is ItzCash Cash Card?”
ItzCash Cash Card is more than just a simple plastic
card that enables remote banking methods, this prepaid card is enabled by Visa
and MasterCard and associated with banking partners(IDBI bank and DCB bank) to
provide a simple yet efficient payment solution for customers. These cash cards
can be understood as a simple prepaid mobile recharge voucher that works on the
principle of ‘Pay now and Use at your convenience’. It gives the convenience of
a reliable payment method that can be carried anywhere without actually carrying
any cash.
ItzCash being the pioneer cash card provider, one can use the cash card to fill as much as
Rs. 5, 00,000 (as per Reserve Bank of India guidelines) on a reloadable via
direct money deposit. Consumers can also load money onto their cards through
ItzCash World Outlets that are spread all across the corners of Indian
sub-regions by giving cash to the outlet operator to load onto the card.
Features of
ItzGift Cash Card
ItzCash cash cards have a good number of features that
make them a good option for cashless transactions. Some of them include:
- Secured transactions: Cash cards involve secure procedures that make the transactions reliable and heavily secured. It is hard to make a transaction without the card.
- Quick processing: Cash cards function similar to an ATM machine that can transact money with a single swipe on the machine.
- Added discounts: Many brands tie up with cash card companies to come up with exclusive limited offers on products. These apply to only cash card users and no one else.
- Convenient and hassle free gift option: A corporate cash card can be used as a gifting option for employees during gifting occasions. ItzGift cards from ItzCash carry the flag for a cashless gift card.
With the above features, ItzCash provides an easy
entry-point to individuals who might not have traditional banking
relationships, allowing them to pay for purchases and bills, shop online and by
phone, or obtain cash at ATMs when they otherwise could not.
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