Payroll for cash based and remote staff
Prepaid accounts are the smart solution for paying employees without a traditional bank account, or who do not want their salaries deposited into their bank accounts.
How it works
Companies distribute salary into pre-approved online accounts for employees, who are then issued with an ATM card. This gives them immediate and convenient access to their funds – they can withdraw cash from an ATM or use the card wherever they see the MasterCard logo.
Business benefits
- Perfect payment solution for employees without a bank account
- Saves time – pay in one single transfer
- Saves money – reduces staff costs in managing payroll, more cost-effective than issuing paper cheques
- Easy and convenient – pay employees worldwide through our multi-currency, multilingual global banking network
- Safer than cash payments – lost or damaged cards can be easily replaced.