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.