What is a prepaid card and from which institutions can it be obtained?
It is a digital card that allows spending by loading cash into it, without the need to open a current account such as a debit card or credit card. Prepaid cards can be obtained from electronic money institutions and some banks.
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- 1. What is a prepaid card and from which institutions can it be obtained?
- 2. Can online and physical shopping be done with prepaid cards?
- 3. How to add money to a prepaid card?
- 4. Where can I use a prepaid card? Is a prepaid card valid abroad?
- 5. Is my identification information required to issue a prepaid card?
Can online and physical shopping be done with prepaid cards?
You can shop online as long as you have money in your prepaid card account. You can also use it while making physical purchases as long as you have balance on your card.
How to add money to a prepaid card?
Cash can be loaded directly from contracted ATMs, EFT/Money Transfer can be made from a bank account, or loaded from a credit card or from contracted stores and markets with your prepaid card.
Where can I use a prepaid card? Is a prepaid card valid abroad?
You can use it for all your physical and online purchases, as well as bill payments. Prepaid card can also be used abroad.
Is my identification information required to issue a prepaid card?
When issuing a prepaid card, identification information may not be required at first, but information such as identification information and residence address will be required to activate your card.
