Karbon rolls out Prepaid Card to boost business expense management

By Gloria Mathias

Karbon, an India-based FinTech firm offering B2B payment solutions, has announced the launch of its latest offering in Corporate prepaid cards designed to meet the evolving needs of businesses.

Called the Karbon Corporate Prepaid Card, the product aims to disrupt and redefine corporate spending dynamics. Karbon has recognised an opportunity to revolutionise the industry. With the transition to corporate debit and personal cards for business expenses, Karbon aims to introduce a disruptive solution.

The Karbon Corporate Prepaid Card empowers businesses to optimise spending, ensuring greater savings without compromising efficiency. Setting a new standard in corporate expense management, the Karbon Corporate Prepaid Card offers a host of unparalleled features, including a flat 1% cashback on every swipe and an add-on card with flexible options for issuing cards to teams and individual team members as needed, facilitating seamless expense management.

Karbon has affirmed that it neither engages in nor facilitates vendor payment services through its banking partners or product offerings.

Karbon had partnered with IDFC and Yes Bank to launch ‘Karbon Forex.’ This integrated solution facilitates and streamlines both inbound and outbound remittances, demonstrating Karbon’s commitment to reliable, compliant, and efficient forex services.

Looking ahead into 2024, Karbon is poised for unprecedented growth in India’s INR 10,000 crore-plus Corporate Card Industry and the USD 80 Billion-plus Foreign Remittance Industry. With a steadfast focus on innovation and customer-centricity, Karbon continues to reshape the fintech landscape, delivering value to businesses across the nation.

Karbon is a FinTech company headquartered in Bangalore, India, dedicated to revolutionizing financial services through innovation and technology. With a commitment to empowering businesses and individuals, Karbon leverages technology solutions to drive financial inclusion and prosperity.