Private sector lender, Yes Bank, has launched two prepaid cards in association with EZspend Prepaid Payment Solutions on the MasterCard platform.
Available in the Delhi/NCR and Gurgaon region, the Yes Bank-EZspend Card are prepaid cards that can be used to make purchases at point of sale terminals and even for online shopping across India on the MasterCard network. Each card holder’s account is linked to an online card tracking system which monitors and helps the account holder to track each transaction and provides a detailed statement every month, the bank said in a statement.
The product line includes two types of cards, viz., General Purpose Reloadable (GPR) Prepaid Cards and Non-reloadable One-time Gift Cards. The GPR Cards can be loaded for any value between Rs 500 up to Rs 50,000 at one-time and can be bought for an initial registration fees of Rs. 100.
While, one-time gift cards are non-reloadable in nature and can be loaded only once during purchase for any amount between Rs 500 up to Rs 50,000 for a one-time fee of Rs 100.
Chitra Pandeya, Senior President, Savings Liabilities Management, Cards and Direct Banking, Yes Bank said: “Yes Bank has a significant commitment in promoting cashless transactions as they encourage transparency and offer great utility to consumers, including ease of managing their resources.”