Tipalti Expands Prepaid Debit Card Offering to more than 192 Countries
Partnership with Intercash Provides Integrated and Seamless Payments for the Global Creator Economy
SAN MATEO, Calif. – November 8, 2021 – Tipalti, a global payables automation company, today announced through its partnership with Intercash, a leading global prepaid card payment solution, it will extend the reach of its prepaid debit cards for international payees and partners. Tipalti users can now offer Intercash prepaid debit cards in 192 countries, including Latin America and Southeast Asia.
The Tipalti Intercash prepaid debit card is a MasterCard that can be used online, offline and at an ATM for immediate purchases and cash withdrawals. The card is especially beneficial as an option for the unbanked and underbanked, making it an attractive payment option for companies that rely on partners in countries and regions with limited financial infrastructure.
Through this expansion, Tipalti customers around the globe can now offer integrated and seamless payee signup, with payees instantly receiving a virtual card with an option to request a physical card. Tipalti Intercash cards feature built-in overspend prevention and fraud protection. Payees in Brazil, Chile, Peru, Mexico, and Uruguay can transfer funds directly to their bank accounts.
“Prepaid cards are a convenient, elegant way to transfer money for most of us, but they can be a critical lifeline for the unbanked and underbanked around the world to get paid reliably and without fees,” said Roby Baruch, Tipalti’s Chief Product Officer. “Expanding our prepaid cards offering with the help of Intercash adds tremendous value for businesses that depend on a global community of partners. They can now easily tap talent by leveraging mass payments in nearly 200 countries.”
“Prepaid debit cards are a popular choice among domestic and global payees to receive payments because of its flexibility and convenience. Prepaid cards, also, offer a solution for underbanked or unbanked individuals,” said Kevin Permenter, Research Director, Financial Applications at IDC. “Tipalti is providing its mass pay and creator economy customers the ability to give their payees in the underbanked and unbanked areas a viable option to get paid. This product offers potential partners more flexible payment options while also providing partners the opportunity to expand to countries and regions with limited financial infrastructure.”