11 best prepaid cards in India for 2025

Key features

Volopay provides one of the best prepaid cards thanks to the host of features you get with it. You can issue one physical prepaid card for each of your employees and also create unlimited virtual prepaid cards.

Using our web platform or mobile app, you can set up custom spending limits for each card and also keep track of all expenses in real-time. Transactions and your financial data are safe as we ensure the highest standards of security protocols with our platform being ISO certified and PCI DSS compliant.  

Usage scenarios

The physical prepaid cards are great to provide employees when they are traveling for business purposes. It will help them pay for commuting, client meeting dinners or lunches, and other entertainment expenses. Virtual prepaid cards are great to manage any kind of online business expense as they are more secure due to their tokenized nature.

Types

One of the more modern, comprehensively equipped card providers in this list of best prepaid cards is Volopay. The Volopay prepaid cards come in various forms such as travel cards, gift cards, reimbursement cards, subscription cards and more.

These cards are available as both physical as well as virtual prepaid cards. In fact, the virtual cards can be issued without paying any additional charges.

Cons

Despite being one of the best prepaid cards in India Some of the cons of the Volopay prepaid cards may include being too feature-heavy, users may be apprehensive about the extensive list of features and highly updated platform.

Target audience

Volopay offers corporate cards for businesses that want to manage their employee expenses efficiently. They can be used by small, medium, and large businesses as per their requirements. 

Key features

HDFC offers a range of prepaid cards that provide convenience, security, and flexibility. These cards come with customizable spending limits, online account management, and attractive rewards programs. The two prepaid cards that HDFC suggests for corporate payments are the Millennia Prepaid Card and the MoneyPlus Card.

Usage scenarios

HDFC prepaid cards are ideal for individuals and businesses seeking a versatile payment solution for day-to-day expenses, online shopping, travel, and entertainment.

Types

HDFC Bank provides various prepaid card options catering to diverse requirements. Their offerings include the Millennia Prepaid Card for corporate use, food and medical payments; the GiftPlus and eGiftPlus Card for gifts; the FoodPlus Prepaid Card for food payments; the MoneyPlus Card for corporate payments and the reward card for rewards.

Cons

Despite being one of the best prepaid cards in India, some of the cons of HDFC prepaid cards may include issuance fees, reloading charges, and possible transaction fees for international usage. Users might also face limitations in terms of acceptance, particularly in areas where HDFC's network is not established.

Target audience

HDFC prepaid cards cater to a broad audience, including frequent travelers, online shoppers, and businesses of all sizes looking for efficient expense management tools.



Key features

SBI business debit cards offer businesses the convenience of accessing funds from their bank accounts while enjoying the benefits of a prepaid card. They provide expense control, easy tracking, and cashless payment options.

Usage scenarios

SBI business debit cards are beneficial for businesses that require controlled spending for their employees, streamline expense management, and reduce paperwork.

Types

State Bank of India (SBI) offers a range of prepaid card options tailored to different needs. This includes the State Bank Gift Card for gifting convenience, State Bank EZ Pay Card for easy periodic payments, State Bank Foreign Travel for safe and convenient foreign travel, State Bank Achiever Card for instant gratification

It also includes SBI NMRC City1 Card for travel in Noida Metro and Buses, Nagpur Metro Maha Card for cashless travels in Nagpur Metro, and SBI MMRDA Mumbai1 Card for Cashless travels in MMRDA Metro.

Cons

A commonly known drawback of SBI services is its customer service issues. Additionally, users might encounter limited acceptance in certain regions or online platforms where SBI prepaid cards may not be supported.

Target audience

Small and large businesses that prefer a seamless integration of banking and expense management find SBI business debit cards valuable.



Key features

Axis Bank offers prepaid cards with features like online shopping, utility bill payments, and global acceptance. These cards provide enhanced security through chip and PIN technology.

Usage scenarios

Axis Bank prepaid cards are suitable for individuals who frequently make online purchases, travel abroad, or want a safe alternative to carrying cash.

Types

Axis Bank offers some of the best prepaid cards in India; available in three variants, each card comes with a set of features to be used for a specific purpose. These include the Axis Bank Meal card, the Axis Bank Gift card, and the Axis Bank Smart Pay card.

Cons

Drawbacks of the Axis Bank card offerings in India could be the associated fees and lack of variety.

Target audience

Axis Bank prepaid cards cater to tech-savvy individuals, frequent travelers, and those seeking a secure payment option.



Key features

Yes Bank prepaid cards offer benefits such as easy loading, online account access, and competitive exchange rates for international transactions. They also provide expense tracking and spend analysis tools.

Usage scenarios

Yes Bank prepaid cards are suitable for individuals traveling abroad, students studying overseas, and businesses managing cross-border payments.

Types

The Yes Bank prepaid card offerings in India come in four particular variants. These include the Yes Bank Jewellery Gift card, the Yes Bank Multicurrency Travel card, the Yes Gift card, and the Incredible India card.

Cons

Some of the drawbacks of these cards offered by Yes Bank that could be an obstacle in the future include acceptability across all merchant outlets and service issues.

Target audience

Individuals and businesses requiring international payment solutions and efficient expense tracking can benefit from Yes Bank prepaid cards.



Key features

Bank of Baroda prepaid cards offer secure and convenient payment options, including contactless payments. These cards come with features like balance inquiry, mini statements, and ATM withdrawals.

Usage scenarios

Bank of Baroda prepaid cards are suitable for individuals who want an easy-to-use payment option for everyday transactions and ATM cash withdrawals.

Types

Bank of Baroda, another popular baking service provider in the country offers three prepaid debit card variants.

These include the Baroda Reloadable Card for all varieties of payment needs, the Bank of Baroda Gift Card for gifting purposes, and the Baroda Multi Currency Forex Card, which functions as a prepaid International currency card.

Cons

Some of the drawbacks of Bank of Baroda's card services could include the list of features available and accessibility across the country.

Target audience

Bank of Baroda prepaid cards cater to individuals seeking a simple and reliable payment method with wide acceptance.



Key features

Bank of India Cashit prepaid cards provide users with the convenience of contactless payments, online shopping, and mobile app access for card management. They also offer features like zero lost card liability and SMS alerts.

Usage scenarios

Bank of India Cashit prepaid cards are ideal for individuals who prefer a secure and accessible payment option for retail purchases, online transactions, and bill payments.

Types

The Bank of India also offers prepaid cards in three variants. These include the Bank of India Gift card, the Bank of India Cashit prepaid card, and the Bank of India International Travel card. Each of these cards has its own set of features and services for a general purpose.

Cons

Drawbacks commonly associated with Bank of India cards could include the lack of variation in offerings and branch availability.

Target audience

Bank of India Cashit prepaid cards cater to individuals looking for a versatile payment solution with enhanced security features.



Key features

SBM prepaid cards offer seamless online shopping, global acceptance, and attractive rewards programs. SBM has partnered with different brands such as ‘slice’ and ‘Open’ to provide their prepaid cards in India. 

Usage scenarios

SBM prepaid cards are suitable for individuals who frequently shop online, travel, or want a reliable payment method for everyday purchases.

Target audience

Individuals who prioritize convenient and secure payment options with additional benefits find SBM prepaid cards valuable.



Key features

Happay prepaid cards offer businesses expense management features like real-time expense tracking, policy enforcement, automated expense reporting, and integration with accounting systems.

Usage scenarios

Happay prepaid cards are ideal for businesses that require effective control over employee expenses, simplified reimbursement processes, and accurate financial reporting.

Types

Happay offers a range of prepaid cards tailored to meet diverse financial needs. Their cards come in various types, including corporate expense cards, travel cards, and meal cards.

Cons

One limitation with Happay cards is the potential for fees associated with card issuance, loading, and usage. Additionally, the acceptance of prepaid cards may vary, particularly in regions or establishments where card payments are less common.

Target audience

Enterprises of all sizes looking for comprehensive expense management solutions can leverage the benefits of Happay prepaid cards.



Key features

Enkash prepaid cards are designed specifically for businesses, offering features like expense management, budget control, real-time transaction tracking, and automated bookkeeping.

Usage scenarios

Enkash prepaid cards benefit businesses looking to streamline their expense management processes, control employee spending, and simplify accounting tasks.

Types

EnKash provides prepaid card solutions geared towards business expenses and vendor payments. Their offerings include virtual prepaid cards and physical prepaid cards. Both cards come with a comprehensive set of features that offer accessibility and ease of use.

Cons

As with any prepaid card, the acceptance and availability of EnKash cards is a considerable drawback to consider given that it may vary depending on the specific requirements and preferences of vendors and merchants.

Target audience

Small and medium-sized enterprises (SMEs) seeking efficient expense management solutions and better financial control can benefit from Enkash prepaid cards.

Key features

OmniCard offers you a versatile prepaid card solution that provides convenience, security, and control over your finances. You can create a RuPay-powered digital card instantly and order a personalized physical card for transactions. 

OmniCard supports swipe, scan, tap, and online payments, ensuring smooth experiences across merchants. 

You can set spending limits, track expenses, and manage multiple cards for family members. Additionally, you can withdraw cash from any ATM across India directly from your e-wallet.

Usage scenarios

OmniCard suits your day-to-day expenses, online shopping, travel, and entertainment needs. Its intuitive expense management tools allow you to control household spending.

For your business, OmniCard serves as an effective solution for corporate gifting and employee rewards, including exclusive ONDC Corporate Gift Cards. These cards provide access to a wide range of products across multiple categories, enhancing the gifting experience for your employees and partners.\

Types

OmniCard provides various prepaid card options tailored to your needs. You can use the standard OmniCard for managing daily expenses efficiently.

For your company, OmniCard offers exclusive ONDC Corporate Gift Cards, ideal for rewarding employees or gifting partners. These cards are accepted across multiple ONDC Buyer Apps, including Paytm and Magicpin, giving access to products in categories like groceries, fashion, electronics, and more.

Cons

While OmniCard offers many advantages, you may encounter fees for card issuance, reloading, or specific transactions, especially for international usage. Acceptance may be limited with merchants that don’t support RuPay cards. 

Before choosing OmniCard, review its fee structure to ensure it suits your financial needs and spending habits.

Target audience

OmniCard caters to tech-savvy individuals, young professionals, and families seeking secure, manageable payment solutions. Its digital-first features appeal to those who prefer real-time expense tracking. 

Your business can also benefit from OmniCard’s corporate offerings, using them for employee rewards and corporate gifting, which can enhance employee satisfaction and simplify financial operations.

Travel prepaid cards provide a secure and convenient method for employees to handle their travel expenses. These cards can be preloaded with a predetermined amount, typically matching the per diem allowance. This ensures effective budget management during business trips, all while offering the flexibility of cashless transactions.



Meal and food prepaid cards in India have gained popularity, especially in urban settings. They serve as a convenient alternative to cash for dining out or ordering food.

Users can load a specific amount onto the card, ensuring budgetary control and often unlocking discounts or loyalty rewards at affiliated eateries.



Salary and payroll prepaid cards streamline financial transactions for businesses and employees. Companies load employees' salaries onto these cards, providing a cashless and efficient payroll system.

Employees can easily withdraw cash, make purchases, or pay bills using the card. This method not only simplifies financial processes but also offers financial inclusion to those without traditional bank accounts.

Prepaid cards empower individuals to set strict spending limits, enabling better budgeting and expense management.

Due to the card’s prepaid nature, there is no chance of overspending by employees intentionally or unintentionally. This helps finance teams stay worry-free and know that company expenses will not go beyond the limits that have been set by them.



With prepaid cards, users enjoy the convenience of making payments at various establishments and online platforms, while the flexibility to reload the card ensures uninterrupted transactions.

Whether it is physical or virtual prepaid cards, it is also very convenient for a company to issue new prepaid cards with the help of their provider. 



Prepaid cards in India reduce the risk of fraud and identity theft, as they are not linked to personal bank accounts. In case of loss or theft, the cardholder's financial exposure is limited to the amount loaded on the card.

If the cardholder finds out soon enough that their card has been stolen or lost, they can also freeze or block the card through the provider's mobile app to ensure the money isn’t misused.



Prepaid cards eliminate the hassle of carrying large amounts of cash and worrying about currency exchange rates when traveling abroad.

Users can make payments easily and securely, with the card automatically converting the currency. They are also widely accepted at different places depending on the payment network linked to your card. 

Is your business struggling to keep travel expenses under check? Explore our in-depth article on travel and expense management to unlock the secrets to streamline your travel and expense management process.



Prepaid cards often come with built-in expense tracking features, providing users with detailed insights into their spending habits and helping them make more informed financial decisions.

Each transaction is tracked and recorded in real-time. This gives the company and the user complete visibility and ensures transparency between them. 



Many prepaid cards allow users to set up recurring payments for subscription services, ensuring seamless payments without the need for manual intervention.

You can also use virtual prepaid cards for handling specific subscriptions. You can set spending limits of just that one subscription so that there is no chance of accidental double payments in a month. 

Revolutionize the way you handle subscription payments. Explore our comprehensive guide on subscription payment management to know how to keep track of your recurring payments and manage multiple subscriptions without having to worry about any payment hassles.

Selecting the best prepaid cards begins with a clear understanding of your purpose. Identify whether you need it for travel, everyday expenses, or a specific financial goal.

Different prepaid cards cater to distinct needs, so aligning your purpose with the card's features ensures optimal utility.



Thoroughly examine the prepaid card's fee structure, including assessments like issuance fees, monthly maintenance charges, and ATM withdrawal costs.

Make comparisons among various choices to select a card that fits well within your budget and spending patterns, preventing any undue financial burdens.



Be aware of usage limitations imposed by the prepaid card. Understand daily spending limits, transaction restrictions, and any other constraints that may impact your intended use.

Choose a card that accommodates your spending patterns without hindering your financial flexibility.



Consider the reload options available for the prepaid card. Assess the convenience, associated charges, and processing time for reloading funds.

Opt for a card that provides flexible and cost-effective reload methods to ensure seamless access to funds when needed.



Prioritize the security features of the prepaid card. Look for options with robust security measures such as PIN protection, transaction alerts, and the ability to lock or unlock the card.

A secure prepaid card safeguards your finances and personal information from potential threats.



Explore additional features that enhance the overall value of the prepaid card. Some cards offer rewards, cashback, or exclusive discounts.

Consider your preferences and choose a card that aligns with your lifestyle, providing additional perks that complement your financial goals.



Tap into the experiences of other users by reading reviews and testimonials. Real-world feedback provides insights into the card's performance, customer service, and overall satisfaction.

A well-reviewed prepaid card is more likely to meet your expectations and deliver a positive user experience.

Before making a final decision, carefully read and comprehend the terms and conditions linked to the prepaid card. Focus on particulars like expiration dates, dispute resolution procedures, and any undisclosed clauses.

A thorough understanding of the terms guarantees a transparent and hassle-free usage experience.

Choosing a trustworthy and dependable card issuer is essential. Evaluate and meticulously compare various providers considering aspects like fees, features, customer service, and security measures. Opt for a provider that suits your organization's requirements and provides clear terms and conditions.

Numerous providers of prepaid cards provide customization features, enabling businesses to incorporate their logo or branding onto the cards.

This customization not only boosts brand exposure but also aids employees in quickly recognizing company-owned cards, thereby minimizing the potential for misuse.

Integrating prepaid card systems into existing accounting and expense management systems streamlines processes and ensures accuracy. Syncing card transactions with accounting software eliminates manual data entry and minimizes errors, improving efficiency and transparency.

Develop comprehensive policies and procedures governing the use of prepaid cards within your organization. Outline guidelines for card issuance, spending limits, permissible expenses, and reporting requirements.

Clear policies help prevent misuse and ensure compliance with regulatory standards. The best prepaid cards in India typically offer a high degree of customization in this particular aspect.

Provide thorough training to employees on how to use prepaid cards effectively and in accordance with company policies. Educate them on the purpose of the cards, spending limits, documentation requirements, and proper record-keeping practices.

Training sessions foster understanding and accountability among employees, reducing the likelihood of errors or policy violations.

Regularly monitor card transactions and review expense reports to identify any anomalies or discrepancies promptly. Implement systems for real-time monitoring of spending patterns and alerts for unusual activity. Regular reviews enable proactive management of expenses and help identify areas for cost optimization.

Employ automated reconciliation tools to simplify the matching of card transactions with relevant expense reports or invoices. This automation decreases the time and labor needed for manual account reconciliation duties, decreasing errors and guaranteeing precision in financial documentation.

Prepaid cards are an ideal choice for managing travel expenses. Employers can load funds onto cards specifically designated for business travel, allowing employees to cover expenses such as accommodation, meals, transportation, and incidental costs.

Travel prepaid cards often come with features like currency conversion, travel insurance, and spending limits tailored for international trips.

While businesses can load a set amount onto prepaid petty cash cards for small expenses like office supplies or coffee runs, prepaid cards offer broader functionality. These cards can be used for a wider range of business expenses, provide greater flexibility for employees, and offer enhanced control over spending with real-time tracking and customizable limits.

The best prepaid cards streamline petty cash management by eliminating the need for physical cash handling and providing detailed transaction records for accountability.



Prepaid cards are an effective tool for incentivizing and rewarding employees or customers. Businesses can issue prepaid cards as bonuses, performance incentives, or loyalty rewards.

These cards offer recipients the flexibility to use the funds as they choose, whether for personal purchases, dining experiences, or entertainment, enhancing motivation and engagement.

Prepaid cards can be utilized to administer employee perks and benefits efficiently. Companies can offer prepaid cards as part of employee benefit packages for expenses like healthcare reimbursements, wellness programs, or commuter benefits.

Prepaid cards simplify the distribution of benefits and empower employees to manage their expenses effectively.

Prepaid cards serve as a convenient option for conducting online transactions and purchases. Companies have the option to distribute prepaid cards to their staff members, facilitating the acquisition of office essentials, software subscriptions, or services related to business operations online.

These cards come with security measures such as limited liability protection and virtual card capabilities, which effectively minimize the chances of online transaction fraud.

Prepaid cards streamline vendor payments and accounts payable processes. Businesses can issue prepaid cards to vendors or contractors for payment of goods or services rendered.

Prepaid cards offer a faster and more convenient alternative to traditional payment methods like checks or bank transfers, reducing processing times and administrative burdens.

With the increasing reliance on smartphones for financial transactions, the integration of prepaid cards with mobile payment applications is gaining traction.

Businesses are leveraging mobile wallets and payment apps to streamline prepaid card management, enabling employees to access funds, track expenses, and make payments conveniently through their mobile devices.

This integration enhances flexibility and accessibility, making prepaid cards more versatile and user-friendly for businesses and their employees.

The integration of contactless technology is revolutionizing the use of prepaid cards in business operations. The best prepaid cards typically enable swift and secure payments with just a tap on a compatible reader, removing the necessity for direct contact or card insertion.

With the growing ubiquity of contactless payments, businesses are adopting this technology to improve efficiency, expedite transactions, and offer a smooth payment experience for customers and employees alike.

Blockchain technology is transforming multiple sectors, notably finance and payments. Companies are investigating how to merge blockchain with prepaid cards to boost transaction security, transparency, and efficiency.

Utilizing blockchain allows for unalterable transaction logs, reduced fraud potential, and simplified international payments, thereby making prepaid cards a more secure and dependable option for global business dealings.

The rise of subscription-based business models is driving the adoption of prepaid cards as a convenient payment solution.

Businesses are increasingly offering prepaid cards as part of subscription-based services, allowing customers to access recurring payments, manage subscriptions, and track expenses seamlessly.

This trend enables businesses to enhance customer loyalty, simplify payment processes, and provide greater flexibility in managing subscription-based offerings.

Virtual prepaid cards are becoming increasingly popular as they offer a convenient and secure substitute for traditional physical cards. They are being utilized by businesses to streamline online transactions, remote payments, and manage digital expenses.

The best prepaid cards provide immediate issuance, improved security measures, and versatile usage options, making them a perfect fit for businesses functioning in digital spaces or with remote workforces.

The partnership between conventional financial institutions and FinTech companies is propelling innovation in prepaid card solutions.

By collaborating with FinTech firms, businesses are utilizing cutting-edge technologies like artificial intelligence, machine learning, and data analytics to improve their prepaid card services.

Such collaborations are empowering businesses to offer tailored, data-informed solutions, streamline expense management, and offer additional benefits to their customers.

Volopay prepaid cards simplify expense management for businesses, allowing employees to make purchases within predefined budgets and categories.

Your employees don’t have to constantly run around for budget approvals anymore and your finance team can stay on top of company spending to ensure that budgets are being utilized efficiently. 



With Volopay prepaid cards, businesses can make payments instantly, reducing the time-consuming process of reimbursement and improving cash flow.

All payments made through Volopay prepaid cards are extremely secure as we follow the highest standards of security with our platform and payment tools being ISO certified and PCI DSS compliant.



Volopay prepaid cards employ robust security measures, including encryption and multi-factor authentication, to protect against fraudulent transactions and unauthorized access.

Volopay cards are one of the best prepaid cards in India thanks to their temporary freezing or permanent blocking feature that allows users to easily freeze or block the card through our mobile app in case the card is lost or stolen. This ensures that the money in your card is safe and can’t be spent by the person who stole the card or found it. 



Volopay prepaid cards can be easily issued to employees, with customizable spending limits and real-time expense tracking, offering businesses a convenient solution for managing expenses.

They are much easier to carry around than cash and definitely better for employees to use instead of having to file reimbursements. 



Volopay prepaid cards enable businesses to gain better control over their expenses by setting spending limits and tracking transactions in real-time.

Once you set a spending limit on a card, the employee will not be able to spend more than that in a month even if the card has more balance left in it.

If the employee wants to spend above their limit, they will have to contact the finance team or their manager who is responsible for setting the card spending limit.



Volopay prepaid cards provide businesses with digital receipts and detailed transaction records, simplifying bookkeeping processes and ensuring accurate financial reporting.

Our platform also has native integrations with some of the best accounting tools in the market such as Netsuite, Xero, Quickbooks, Tally, Deskera, MYOB, and more!



Volopay offers the convenience of unlimited virtual prepaid cards, allowing businesses to make online purchases securely and easily manage recurring payments.

You can literally create a virtual prepaid card for each subscription that you have. This way you’ll have a complete dashboard of payments related to each subscription through the virtual card dashboard.