Virtual debit cards have become a popular way to shop online and make digital payments. They're safe, convenient, and you can even link them to e-payment apps for contactless payments in stores. In this blog, we'll dive into what virtual debit cards are, how to get and use them, their advantages, and more.
Wondering what virtual debit cards are? They're like regular debit cards, but completely digital! This means you can use them for online shopping and digital payments without worrying about carrying a physical card. Virtual debit cards are issued by banks and linked to your primary bank account, making them a secure and convenient way to make transactions.
Using a virtual debit card is super easy and convenient. It's just like using a regular debit card, except it's purely for online or digital transactions. Once your virtual debit card is activated, the bank will give you all the details, like the card number, expiration date, and CVV code. When you're shopping online, just choose the option to pay with a debit card and enter your virtual debit card details. If you want to use it in a store, just link it to your favorite e-payment app and make contactless payments at compatible point-of-sale (POS) terminals. It's that simple!
Virtual debit cards are more secure than traditional debit cards. They use better protection and can detect fraud when you buy things online.
Virtual debit cards allow for quick and convenient payments anytime, anywhere. No need to carry a physical card or worry about misplacing it.
Getting a virtual debit card is easy. You can usually do it online, without filling out lots of forms or going to a bank.
Virtual debit cards are a great way to make online payments. They're very secure and convenient. You don't have to carry a physical card or share sensitive information.
They offer a lot of benefits, including enhanced security, privacy, and quick setup. You can even use them for contactless payments at certain point-of-sale terminals by linking your card to your favorite e-payment app.
If you're thinking about getting one, make sure to compare fees, features, and benefits from different banks before making a decision. And always remember to be informed and careful with your financial transactions to have a safe and hassle-free experience using virtual debit cards.
If you're looking for a virtual debit card, you might want to check out the Fi-Federal co-branded debit card . While you wait for the physical version to be shipped to your address, you can explore the cool benefits like no Forex fees on certain plans , the ability to make contactless payments with 'Tap and Pay,' and adjustable transaction limits through the app. Plus, you can score some sweet deals from top brands in food, shopping, travel, and entertainment. And if you're someone who struggles with sticking to a budget, you'll love the ability to easily freeze or unfreeze your card from the app.
To get a virtual debit card, choose a bank and compare fees, features, and benefits. Then, open an account online and activate your card using the PIN or other details provided by the bank. Once activated, the bank will give you all the details like the card number, expiration date, and CVV code. Use these details to make online payments and digital transactions.
Virtual debit cards are like regular debit cards, but digital and issued by banks. They're more secure than traditional debit cards and offer more privacy. They allow for quick and easy payments anytime, anywhere, without carrying a physical card. Physical debit cards require carrying a card and have a higher risk of theft. They also need to be delivered to your registered address to be available for use.
Products on our platform | Details |
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Unified Payments Interface (UPI) | Epifi Technologies Pvt. Ltd ('Epifi Tech') is a Third-Party App Provider ('TPAP') - and acts as a service provider and participates in UPI through a Payment Service Provider ('PSP') Bank (Federal Bank). |
Savings Account and Deposits | Federal Bank offers savings account, fixed deposits and smart deposits to users on the Fi App (through Epifi Tech). Users' savings account and deposits are securely opened with Federal Bank. |
Cards | Fi Brand Pvt. Ltd. markets and distributes co-branded cards in partnership with Federal Bank and Visa. Cards are issued by Federal Bank. |
Loans | Epifi Tech facilitates loan distribution and acts as a lending service provider and/or digital lending application for various Banks, registered NBFCs and NBFC-P2P ('Lenders') List of Lenders. |
Mutual Funds | Epifi Wealth Pvt. Ltd. ('Epifi Wealth') is a registered investment adviser and provides a platform for mutual funds investment. Epifi Wealth has partnered with MFCentral to provide mutual funds analyser to users. |
Loans Against Mutual Funds | Epifi Tech in partnership with regulated entities including Epifi Wealth and Bajaj Finserv provides a platform for loans against mutual funds. |
US Stocks | Epifi Tech has partnered with US stock broker Alpaca Securities LLC to provide users the option to invest in US stocks. |
Connected Accounts | Epifi Wealth (as a financial information user), in partnership with Finvu and Onemoney, provides users the option to link their existing financial accounts on Fi. |
Credit Analyser | Epifi Tech (as a non-specified user) in partnership with Experian and CIBIL provides insights on users' credit scores |
Fi-Coins | Fi-Coins are earned under a reward programme for engaging with products and services on the Fi App. |
Fi Store | Fi-Coins can be redeemed on products and services listed on Fi Store such as merchandise, gift cards, air miles, among other things. |
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