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Mahila Money, Visa & Transcorp launch Mahila money prepaid corp
March 17, 2022
To help women entrepreneurs effectively collect payments, credits and get incentives for transactions, Mahila Money, Visa, and Transcorp have partnered to launch Mahila Money Prepaid Card.
In a statement, Mahila Money said the prepaid card will help women entrepreneurs with using digital payments more effectively.
Indeed, even as 80.7% of women in rural areas and 81% in metropolitan regions have bank accounts, 55% of ladies actually don’t effectively utilize their bank accounts, as per the most recent review by the All-India Debt and Investment Survey (AIDIS).
An overview by YouGov has uncovered that almost 66% of urban Indian women use digital methods of payments, yet short of what one-third leveraged internet banking.
The Mahila Money Prepaid Card would overcome any issues for local area individuals who need the comfort of a bank account with added flexibility, safety, and convenience, the statement said.
The pre-loaded card will make it simple for women entrepreneurs to collect payments carefully for their organizations and helps support their functioning capital, as credits can be transferred directly into the card. Moreover, women will be offered incentives, rewards, and cashback from the Mahila Money ecosystem of partners.
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- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
