January 10, 2023
Navigating your finances can be quite challenging without a bank account. With no debit card or checking account, many people are left to deal with cash to make everyday payments. Imagine not being able to buy subscriptions or pay bills online. How would you manage? For those who do the majority or all of their transactions with cash, that’s everyday life.
This may sound like a unique problem, but approximately 85 million of the world’s 2 billion unbanked people reside in the Middle East, making it difficult for them to make simple, everyday purchases such as grocery shopping online, sending money home or paying bills.
So, what do you do if you’re one of those people? Thankfully, you can still access a large number of financial services through a prepaid payment card. Read on to learn more about the best prepaid cards in the UAE and how to get one.
A prepaid payment card is exactly what it sounds like: a reloadable debit card that you can top up and use. When you load money in the card, it is deducted from your balance as you make purchases. Once you've used up your available balance, you can simply add more money and continue using your card.
In order to obtain a traditional debit card, you must select a bank, choose the sort of account that best suits your needs, and create and maintain that account. To open an account, you typically need to provide some sort of government-issued identity and often make a modest deposit of money to fund the account. You also need to provide other documentation such as an NOC from your employer and a salary certificate.
Prepaid debit cards, on the other hand, don't need you to set up a bank account. There’s no requirement to submit salary certificates or other employment details. You can simply create your account via an app and get access to your payment card within minutes.
When it comes to selecting the right payment card for your needs, keep in mind the features, functions, benefits, and rewards that come with each. At Pyypl, we offer an internationally accepted prepaid Mastercard as an exceptional solution to take care of all your payment needs while rewarding you in the process.
Pyypl is a 100% digital app, with no requirements for paperwork. No bank account is needed, no minimum salary, no minimum balance, no post-dated cheques, and no branch visit. Anyone can apply and get their very own Mastercard in 2 minutes, which they can use to shop and pay across millions of merchants online wherever Mastercard is accepted. In addition to a virtual Mastercard, we also offer a physical card that can be delivered to your home. Simply take it wherever you go and use it to shop with contactless payments across millions of stores worldwide.
If you’re unable to open a traditional bank account or are simply looking for an alternate payment method, simply follow the steps below to get your Pyypl Mastercard:
That’s it. Once your registration is complete, simply top up your Pyypl app through a debit card, a bank account, a mobile wallet or through one of the 2000+ kiosks around the UAE and use it online or in stores anywhere in the world. Top up methods vary by country, so make sure to check your available methods.
lWe've already talked about the benefits of using prepaid cards and the best prepaid cards in the UAE. Now let’s look at some alternative options.
Ratibi prepaid card:
This card is designed for salaried employees who earn up to AED 5,000. They can easily receive their salaries on their Ratibi Prepaid Cards, without the need for a bank account. It’s a great option for those who want to get their salaries without the hassles of opening a bank account. However, you must be employed in order to be eligible for the card, which means those on freelance visa in Abu Dhabi, Dubai or anywhere in the UAE cannot qualify.
FAB Bank prepaid card:
The FAB Bank Prepaid Card gives users the ability to shop online and offline worldwide, without any monthly or annual fees. This makes it a good option for travellers on a budget who want to fund their trip in a fast and secure way. With its free mobile app, you can easily manage your card and track your transactions from wherever you are. However, you need to be a UAE resident in order to apply for the card. This means that if you’ve just arrived in the UAE, you cannot apply for the card.
Emirates NBD GlobalCash prepaid card:
The Emirates NBD Globalcash prepaid card is a versatile and convenient payment solution. The card can be preloaded with funds and used at millions of merchants worldwide, both online and offline. It’s available in multiple currencies, including AED, USD, EUR and GBP, making it a good option for travelers. The card also comes with a free mobile app that allows you to manage their account and track transactions in real-time. The card has no monthly or annual fees. However, it cannot be used to send or receive money abroad.
LuLu MyCard prepaid card:
The LuLu MyCard is a prepaid card that can be used for making purchases at any merchant that accepts Mastercard. It can be loaded with funds and used just like a debit card, but it’s not linked to a bank account. It’s often used as an alternative to a traditional bank account or credit card, particularly by those who may not have access to one. The card can be used for online and in-store purchases and can also be used for cash withdrawals at ATMs. However, you must be a salaried individual to be eligible for the card, which leaves out freelancers and other people without a set income coming in every month.
Considering all the options, we believe Pyypl is one of the best prepaid cards in the UAE. It allows you to make payments or transactions online or offline, globally and in the UAE. It’s easy to use, requires no bank account, no salary requirements and no interest charges.
Download Pyypl and get started by clicking here.