Payments

Cashfree Payments intros prepaid card, wallet service

October 25, 2022

Cashfree Payments, a payments and API banking solutions company based in India, has launched its Card Issuance Stack to allow fintechs and other businesses to provide prepaid cards and wallets for their customers. Issuance acts as an API stack that companies can use for payroll and incentive disbursals, loyalty programs and other uses, according to a press release.

The service will provide low-code and no-code flows to deliver the prepaid card or wallet. It can also deliver spend limits and companies can bundle it with Cashfree's Payment Gateway and Payouts.

"We are extremely proud to launch Cashfree Payments' Card Issuance Stack with our new solution Issuance. Issuance with its low-code flow is yet another example of Cashfree Payments technological prowess wherein with minimal integration, fintechs and platforms can launch their prepaid card and wallet program in a matter of weeks," Akash Sinha, co-founder and CEO, Cashfree Payments, said in the release. "As a front-runner in the API banking and payments space, Issuance strengthens our focus on accelerating digital payments for India."