Prepaid ZAR Cash Card 

Exchange4free offer our clients and distribution partners a Prepaid ZAR Card that allows employers and other companies to pay their staff directly onto a ZAR denominated debit card even if they do not have a bank account in South Africa. 

The Prepaid ZAR Card can be used like any normal bank debit card both locally in South Africa but also throughout the SADC region, Africa and at over 22 million Mastercard ATM's or Point of Sale locations worldwide.

The ZAR Cash Card has many benefits including the following:

• Card charges are up to 30% cheaper than ZAR debit cards issued by South African banks
• Clients can be paid directly onto the ZAR card instead of paying the funds into a bank account or in cash
• Salaries, loans, commissions, expenses or gratuities can be paid onto the card
• No need for clients to carry around cash: Safe, secure and cheap
• A low cost banking alternative
• Companion Cards:
  Clients can get up to 4 additional cards that are linked to their 'pruimary card' held in South Africa allowing them to transfer funds and send money home safely, cheaply (particularly cross-border into SADC and Africa) and directly from their cell phone!  People living in remote areas can use these cards at any Mastercard ATM or Point of Sale device offering a simple and cost-effective way to transfer money to friends and family around the world.

The card and is particularly useful to the following clients:

Unbanked Market and Migrant Workers

The ZAR Cash Card allows employers to pay salaries and other monies directly onto the card. This offers a safe and secure way to hold funds instead of carrying around cash. 

The ZAR Cash Card allows holders to issue up to 4 'companion cards' which can be used by family and friends throughout the SADC region and Africa at a fraction of the cost of sending money via taxi's and other means (which can cost up to 25%). The card allows migrant workers to send money home at very low rates and costs compared to other formal and informal means. 

What is a ZAR Cash Card?

The Exchange4free ZAR Cash Card allows employers and other companies in South Africa to make a secure payment to unbanked and migrant workers instead of paying cash.

The funds are loaded directly onto a ZAR denominated debit card which can then be used used at any ATM or Point of Sale device worldwide.

• Your salary, commission, expenses or gratuities/tips are paid onto the card.
• The card is pin secured ensuring that cardholders will carry less, if any, cash.
• Leads to reduced cash crimes and enhances your personal security.
• There are minimal requirements to have a card and there are no FICA requirements on the client. No credit checks or good history required. 
• Leads to low cost banking: Up to 30% cheaper than debit cards issued by SA banks
• As a prepaid card, you can only spend what you have loaded onto the card and as such, you won’t get into debt
• Simple and easy to use.
• The card operates just like a normal bank debit card and can be used anywhere within or outside of South Africa.
• The ‘linked’ or 'companion' card programme allows the primary card holder in South Africa to link up to 4 sub-cards to his or her primary card in South Africa. Family or friends can then use this card wherever they are and this offers a cheap and secure alternative to send money home as well as transfer money into the SADC region and Africa.

Can be used throughout the South Africa, SADC region, Africa and the rest of the world