BANKIT & SBI roll out PERC, a Corporate Prepaid Card Platform

By Gloria Mathias

BANKIT Services, a FinTech solutions company, has announced a partnership with the State Bank of India (SBI) to introduce the PERC Platform, Prepaid Expense & Reimbursement Card Platform, a technology-enabled prepaid card solution for corporates.

This collaboration is set to redefine financial management for large organisations by offering a customisable, unified platform that simplifies corporate card programs.

Through this partnership, businesses can now streamline their entire card lifecycle, from onboarding to instant card issuance, all within a single, integrated system. PERC’s innovative hyper-personalisation features enable businesses to tailor card attributes, such as spending limits and usage restrictions, based on departments, roles, or individual employee requirements. This level of customisation ensures optimal control, transparency, and efficient resource management.

“By partnering with SBI and launching PERC, we’re creating a revolutionary platform that allows corporates to manage their financial operations with greater ease and efficiency,” said Satyajeet Limaye, Chief Strategy Officer at BANKIT. “Our technology-driven solutions offer significant advantages for large corporates, bringing advanced features that will lead to better financial management and deliver long-term value.”

This partnership underscores the growing need for businesses to leverage technology for more efficient financial management, with corporate prepaid cards emerging as a critical tool for improved operational control and financial oversight.

BANKIT Services is a fintech company providing innovative solutions to streamline financial operations for corporates. Through strategic partnerships and technology-driven products, BANKIT is reshaping the way businesses manage their finances with greater ease, security, and efficiency.