On December 14, 2018, OBOPAY, the global financial technology company, announced the launch of a new generation pre-payment instrument called- OBOPAY Card-in partnership with Federal Bank and Mastercard.
About OBOPAY Card:
i. It is built as a one-stop solution that facilitates easy disbursements and payments by enterprises.
ii. The highlights of the card include:
The multi-wallet facility that allows dedicated payments and allocation of money for various purposes,
The ‘Split transaction’ feature which provides payment flexibility to users and multiple payment scenarios among many others.
Card to card money transfer, making online payments, withdrawing cash at ATMs.
iii. This card can be used for multiple payments such as, bank accounts for using salary, digital wallets for payments, food coupons for food coupons, insurance cards for insurance claim, etc.
iv. The account can be operated with zero minimum balance and the users will not be levied any service charge on usage.
v. It can be used at over three million Mastercard outlets in India.
Federal Bank:
♦ Headquarters: Aluva, Kerala.
♦ MD&CEO: Mr. Shyam Srinivasan.
♦ Tagline: Your Perfect Banking Partner.