Visa money transfer
Global Prepaid Platforms
Prepaid is Visa's newest category of everyday payments products. Visa prepaid products are not credit cards. They are payment cards that can be purchased using cash, checks, or a credit account and offer greater choice, convenience and control over spending in a variety of circumstances where cash, checks or payment vouchers are traditionally used. Think of prepaid as your "pay before" option, while debit allows you to "pay now" and credit allows you to "pay later."
What defines prepaid is its ability to bring the utility of electronic payment to situations that traditionally involve cumbersome and labor-intensive cash, checks or paper vouchers. Prepaid products are ideal for situations where traditional bank accounts may be difficult to establish or may not even be appropriate, as with gift cards or money transfer.
Some examples of money transfer:Money Transfer in Indonesia
The e-Wallet in Indonesia is one example of a Visa money transfer product using the prepaid platform. For instance, students use it to receive money from their parents in lieu of the more cumbersome, expensive process of other traditional funds transfer methods.Making money transfer in India
At an Indian university campus in Mumbai, Suresh is buying new textbooks for the upcoming semester. The books he needs for his courses are numerous and costly. And his new Visa Debit card his parents gave him when he left home is running low on funds after paying school fees the previous day. But he is not worried.Although his parents live far away in New Delhi, with Visa Money Transfer, they can easily send money to Suresh’s Visa card account almost instantly, through their bank’s branch office, Internet banking facility or ATM.
Over 23 million Visa cardholders across 150 cities in India can now enjoy the benefits of using Visa Money Transfer to receive payments. Supported by a network that includes close to 13,000 Visa ATMs and 117,000 merchant acceptance locations in India, Visa Money Transfer is not only cheaper and faster, but also more convenient than other forms of money transfers being offered in India.
Official website: www.visa.com