Physical payment card
How it works
The card works on the MasterCard network in much the same way as most other payment cards. It allows the holder to draw cash from their account at an ATM, or to spend wherever MasterCard is accepted.
Unlike normal payment cards, the PSI-Pay card has the advantage that it may not require funds to be pre-loaded onto it. Instead, purchases and withdrawals are debited directly from the main PSI-Pay account, as with a standard bank debit card. At the same time, it retains the advantages of a payment card in that it cannot be overdrawn by the user.
- Easily assign and manage cardholder loads and replenishment.
- Have transparency at every stage of the payment process.
- Control expenditure with flexible limitations and audit trails.
- Reduce out-of-pocket expenses and cumbersome reimbursement.