The transfer got here in after RBI permitted the non-bank licensed entities to allow money withdrawals from the digital pockets.
“OmniCard customers can withdraw money from any ATM at their comfort with full safety from frauds like card theft, and card cloning, because the withdrawal facility comes with excessive security and safe options and protects the person from exposing their cash and checking account particulars,” the corporate mentioned in a press release.
OmniCard gives customers a whole cellular first journey the place the customers can create a Rupay powered digital card in a couple of seconds, order their bodily personalised card and pay utilizing UPI QR codes throughout retailers.
“Customers can create a number of playing cards for members of the family, monitor funds, analyse bills and keep answerable for all household spending,” it added.
Sanjeev Pandey, OmniCard Co-Founder and CEO mentioned that they supply another platform for customers to maintain their checking account protected the place financial savings are saved from cyber frauds utilizing digital wallets linked with Rupay Card and UPI.
“Money withdrawal is an try additional to allow buyer wants in case of his unexpected spending necessities,” he mentioned.
Abhishek Saxena, Co-Founder and COO mentioned that quickly after RBI’s mandate, the corporate began work with the Nationwide Funds Company of India (NPCI) group to allow the ability.
“Our imaginative and prescient is to
each family within the nation with OmniCard for his or her each day spends whereas offering a protected, safe and rewarding expertise,” he added.
Run by Noida-based Eroute Applied sciences, Omnicard is a RuPay powered pay as you go card with a cellular app the place the customers can spend utilizing swipe, scan, faucet and pay on-line, avail in-app presents from associate manufacturers and get rewarded on each spends.