Cashfree Payments offers a plug-and-play card issuance stack that enables fintechs and platforms to issue co-branded cards to employees, customers, and partners. The solution supports multiple use cases including loyalty and rewards, payroll, expense management, and more.
The card issuance stack is designed for:
Disburse salary and incentives to employees, gig workers, and freelancers through dedicated payment cards.
Issue campus cards to students for seamless on-campus and online payments, providing a unified payment solution for educational institutions.
Issue expense cards for zero-paper expense management and better control over corporate spending.
Launch a loyalty program through closed loop wallets and cards to enhance customer engagement and retention.
Launch single and multi-currency co-branded forex cards for international payment needs.
Create co-branded credit card programs for your employees, customers and partners.
Card issuance provides flexibility, control, and customization to launch your own card program for customers, employees, or partners with multiple PPI partners in a matter of weeks.
Personalized to Your Brand
With co-branded cards, give a customized experience to your users that reflects your brand identity.
Visibility and Control
Control card usage and assign limits to manage spending and ensure compliance with organizational policies.
DIY (Do It Yourself)
Choose your card design, customize your program, add your logo, and make it truly your own without the need to get a PPI licence.
Customized Instruments
Choose from custom physical and virtual cards, wallets, or enable the program on a wearable device.
Cashfree Payments offers several advantages for card issuance:
| Feature | Cashfree Payments | Other Card Issuance Platforms |
|---|---|---|
| Set up fees | Low | Very High |
| Turn around time | 3 Weeks | >3 months |
| Ease of service | Dedicated Account Manager | Multiple points of contact |
| Product Suite | Full stack card issuance stack along with other payment solutions like Payment Gateway, Payouts, Bank Account Verification among others | No support for other payment related solutions like Payment Gateway, Payouts etc |
Cashfree Payments operates under proper regulatory authorization:
Cashfree Payments has integrated with bank and non-bank PPI partners for the card issuance stack.
Cashfree has vendor partners who can provide the printing and delivery of the cards at nominal charges.
You can opt to get dashboard access to issue cards and manage cards. In addition to the dashboard you can use Cashfree Payments Card Issuance API suite and integrate the Card Management System in your own application/system.
The KYC process varies depending on the PPI license on which the card is issued. KYC can be an Aadhar based KYC, a biometric based KYC or cKYC, depending on the card program that is created. Please reach out to your Account Manager for more details.
Visit the Cashfree Payments support page for additional assistance.
Fastest and easiest way to send money to any bank account, UPI ID, Wallet or cards, instantly 24x7, even on a bank holiday.
Automatically track customer payments with virtual bank accounts. No more manual reconciliation.
If you are a neo-bank, fintech, or internet platform looking to offer banking services to your users, contact Cashfree Payments. Product experts will reach out within 24 hours.
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.
Download the whitepaper to learn more about Banking as a Service solutions and how they can benefit your business.