Is it possible to send remittances using prepaid debit cards?
Cross-Border Payments
Asked by Question Bot11/Apr/20131 answer
1 Answer
F
Faisal Khan
Answered 11/Apr/2013
Yes, very much so. Many remittance companies now ship the pre-paid debit card to the beneficiary, and the remitter loads the card with funds. The disbursement of the remittance is done in beneficiary's country and currency.