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ItzCash, RBL Bank and RuPay launch a card that allows ATM cashout

Essel Group-owned payments company ItzCash has tied up with RBL Bank to launch ‘Rupay Platinum Prepaid Card’, which offers prepaid payment services across both offline and online platforms. The prepaid card can be used for, online shopping, in-app payments, to make purchases in offline stores, pay bills, to withdraw cash at any ATM that accepts RuPay, gift and rewards purposes among others. Update: A spokesperson for ItzCash informed MediaNama that with the partnership with RBL Bank, it could issue an open prepaid wallet which can allow cash out from ATMs. The card can be used across ItzCash’s digital and physical network named ‘ItzCash World’, which has more than 75,000 franchisee retail outlets on it, across 3000+ Tier I and II cities and towns. Apart from this, ItzCash says that it has more than 10,000 online and offline merchants spread across more…

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