The new offering aims to boost online transactions in ecommerce purchases, monthly utility payments, mobile recharges, online education subscriptions, and more. The prepaid card operates similarly to a debit card, however, unlike the latter, the PayNearby Shopping Card is linked to a PayNearby wallet rather than a bank account. PayNearby offers users the ability to lock and unlock the card digitally while also offering a summary of the transaction statement, assisting users with keeping track of their spending.
PayNearby retailers offer a host of services such as travel ticket booking, utility bill payment, and mobile recharges to the local population that requires a digital way of paying.
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