Decentro And Yes Bank Join Hands To Enable Businesses to Launch Co-Branded Prepaid Cards
,abanking APIIntegrationplatformforbusinesses, today announced launch of its new prepaid program platform in partnershipwith Yes Bank. The program caters to fintech brands, NBFCs, gig economy players,neo-banks, and any consumer or business facing corporate entity by enabling them tolaunch co-branded prepaid cards. The card, which will use Decentro’s and Yes Bank’sAPIintegrationlayer,isbeinglaunchedontheRuPayNetwork.
A business can go live with these programs in a matter of just a few weeks compared tothemonths-longintegrationprocesswhichistypicallythetimeline.
On the launch of the program, Rohit Taneja, Founder & CEO, Decentro, said, “We arecommitted to provide world-class product experience to our customers and enable atransformative fintech journey that they can offer to their customers. We are happy tojoin hands with like-minded partners like Yes Bank to enable this journey of creatingvalue for corporates and the larger ecosystem in India. Any business can now launch aco-branded prepaid card and give their customers a chance to spend easily with variousmerchantsin the offline and online world.”
These cards will help merchants to streamline their customer’s expenses, track theirspendingpatterns,enablepersonalfinancemanagementsolutions,andhelpthemseamlessly manage and reload their cards. It also adds a new revenue stream for thebusinesseslaunchingthecard,intheformofinterchangecommissionwheneveranyonemakesatransactionwiththeseprepaidcards.