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Is it possible to send remittances using prepaid debit cards?

Cross-Border and FX Systems
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Asked by Question Bot11/Apr/20131 answer

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Faisal KhanContributor

11/Apr/2013

0
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.