After the confirmation by VISA for using its debit card system as part of IPSIPay, Innovative Payment Solutions, Inc., a FinTech supplier of digital payment solutions and services to firms and customers, including IPSIPay, introduces the next phase launch of its IPSIPay App.
The latest IPSIPay VISA debit cards can be issued using the app and used wherever VISA is authorized throughout the world. The IPSIPay App is used to charge the VISA debit card, which enables visitors to withdraw funds from their virtual wallet with least cost using the VISA debit card at ATMs. Consumers can also manage their funds through a vast retailer system across the world with the IPSIPay VISA debit card, helping to make routine expenses anyplace that accepts VISA cards. Furthermore, the cards offer customers a bank account with Metropolitan Bank, allowing them to effectively create or improve their credit.
William Corbett, Chairman, and CEO, IPSI, said, “The approval of our new VISA debit card is a significant milestone and an important addition to the functionality of our IPSIPay App. Users may receive up to five companion cards, when they apply, which may be used by family members. This VISA debit card provides significant benefits to our IPSIPay App users, ultimately making it easier and cheaper to transfer money to and from anywhere around the world. The VISA debit card also provides users the ability to withdraw funds from their IPSIPay digital wallet, providing much more flexibility for users in accessing money that is on their IPSIPay App and giving users access to a large network of ATMs.”
The IPSIPay app’s second phase rollout includes more capabilities, such as the option for customers to deposit money into individual IPSIPay wallets at Chase, Bank of America, and Wells Fargo branches, which became instantly accessible for its use in their digital wallets on the IPSIPay app. Most existing IPSIPay services, such as wallet-to-wallet cashless transactions – including cross-border transactions – are supported by this improved efficacy (including from the U.S. to Mexico).