Is it possible to send remittances using prepaid debit cards?

Asked Apr 11, 2013· 1 answer

Faisal KhanAnswered Apr 11, 2013

Yes, very much so. Many remittance companies now ship the pre-paid debit card to the beneficiary, and the remitter loads the card with funds. The disbursement of the remittance is done in beneficiary's country and currency.

Money Transfer Sending Money Abroad (Consumer)Outward Remittances Receiving Money from Abroad (Consumer)

Related in Sending and Receiving Money Abroad

What information does a typical remittance slip contain?1 ans Why did my USD transfer to a USD-denominated foreign account get converted? I sent $1,000 USD to Europe; the recipient got €820, which was then converted back to $970—why did this happen if their account is in USD?1 ans How does Western Union’s Money in Minutes service work?1 ans What actually happens behind the scenes during an international money transfer?1 ans