BANKIT rolls out prepaid cards for MSMEs, startups and corporates, BFSI News, ET BFSI



BANKIT, a Noida-based fintech startup, has rolled out a new business unit under which it will be offering customised and cobranded prepaid card solutions to allow instant online digital onboarding, ordering and portal based functions for MSMEs, startups and corporates.

Available in virtual, plastic and wearable forms, businesses can design prepaid cards with their brand for better brand recognition and customer intimacy. The card offerings can be customized to suit different requirements of businesses seeking standard cards, incentive cards, loyalty cards, travel cards, fuel cards, restaurant cards, gift cards, etc.

The cards can be loaded with a maximum balance of Rs 2 lakh and used for utility bill payments, wallet recharges, online shopping at e-commerce platforms, ticket booking, cash withdrawals at ATMs, and making payments at POS terminals.

Satyajeet Limaye, Chief Strategy Officer of BANKIT, said, “We are focused towards MSMEs, startups and offer branding opportunities for corporates through customizable prepaid card solutions. In addition to the BANKIT corporate card, we help large businesses to digitize customer loyalty and create a channel to stay connected with customer who love your brand. Creating a connection with help of mobile app and prepaid card branded with your logo is an innovative way of rewarding your employees, customers and partners for choosing to work with you. Company has roadmap for taking this innovation to international markets while addressing the financial needs of a larger business groups.”