InvestorQ : What can semi-closed prepaid cards be used for?
shivani Walawalkar made post

What can semi-closed prepaid cards be used for?

Answer
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seema Upadhyaya answered.
1 year ago


Semi-closed system prepaid cards can be issued by authorised bank and non-bank entities and can be used for purchase of goods and services at POS terminals / e-commerce (online purchase) and for domestic funds transfer from one person to another, subject to prescribed limits and conditions.