PPG charges a one-time, non-refundable fee for Account set up and Compliance checks to open a PPG Submerchant account. Monthly recurring fees are based on the prepaid card inventory, number of card currencies and access to the PPG Portal to manage card members, top-up loads and other services. Please contact us for more information.
In general, the Submerchant can be a corporate entity or an individual as long as Compliance checks are passed.
It typically takes between 3 to 5 weeks to bring a new Submerchant’s generic prepaid card to market upon KYC approvals. The nature of your business and industry it is related to will influence the KYC approval process.
Submerchants have access to cardholder data via the PPG Portal. Other services allowing you to break down spending by merchant class for marketing purposes, tracking spending with partners and identifying cardholder trends are available on request.
PPG offers a discounted a Know Your Customer (KYC) Verification program to assist in the KYC process for prepaid card application and issuance.
Submerchants also can have access to a discounted bundling offer with a comprehensive, annual multi-trip family travel insurance as an added benefit for their cardholders.
Cardholders need to submit the proof of ID and proof of address in order to pass KYC approval. For the details of card limit, please contact us for more information or to request for a copy of the PPG Submerchant Presentation Deck.
Cardholders will receive a generic reloadable prepaid card with a Secured EMV Chip and PIN that works just like any credit/debit card, allowing cardholders to make purchases online, in-store or over the phone, as well as to withdraw cash from ATMs.
Cardholders have full access to their accounts via their own Cardholder Portals. The Cardholder Portal is a full online banking tool for managing and accessing card accounts and perform the following transactions:
MoQ is dependent on the industry that the Submerchant’s company is in. PPG representatives will be able to advise Submerchants on the MoQ required.
Prepaid cards can be widely applied in different industries:
The prepaid card is accepted where credit cards and debits cards are used. Prepaid cards are available to everyone, regardless of credit rating, income, or whether someone holds a bank account. These cards are a substitute to a traditional bank account, and are a new way of managing money.