What is a Paycard?

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Kotapay has recently partnered with Fintwist to offer paycards, a type of payment especially useful for non-traditional workers such as those who work multiple gig jobs or manage their finances outside of banks. A paycard (also known as payroll card) is an alternative to a traditional bank account or paper check that allows any employee to be paid electronically via direct deposit. By implementing Fintwist’s digital payment solution, employees get access to bill pay, online purchases, money management tools, and P2P transfers at no cost to the employer.

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