Module 05 · Product portfolio
Prepaid Cards
Issue, control, and reconcile corporate cards in real time — not at month end.
Corporate-card reconciliation is a month-end nightmare, and cash advances are black holes that never fully come back. MyVyay issues physical and virtual prepaid cards with real-time controls, so every rupee is tracked the moment it's spent.
Quick answer
MyVyay Prepaid Cards lets finance issue physical or virtual RuPay/Visa/Mastercard prepaid cards to any employee in minutes, with per-transaction limits, merchant-category restrictions, and instant WhatsApp receipt capture on every swipe. Customers see real-time spend visibility, zero unauthorised transactions, and 90% faster reconciliation versus cash advances.
Prepaid Cards
The problem
Does this sound familiar?
Corporate card reconciliation is a month-end nightmare
Finance gets a statement 30 days later with no business context, and spends weeks sorting it out.
Cash advances are black holes
Cash given for travel or project expenses rarely comes back fully reconciled; advances sit open for months.
No controls on how cards are used
Traditional cards have no merchant-category controls or per-transaction limits — misuse is discovered too late.
Card issuance takes too long for temporary needs
Issuing a physical card can take 7–14 days — by then the project is over or the employee used personal funds.
The MyVyay way
Every rupee tracked, every policy enforced
Issue physical or virtual prepaid cards with real-time spend controls, category restrictions, and instant reconciliation — zero surprises.
Instant issuance
Issue a card, set the load amount and category restrictions, in under 2 minutes.
Real-time controls
Per-transaction limits, merchant categories and geography rules enforced at point of swipe.
Instant reconciliation
Every transaction matches to an expense report automatically — no month-end scramble.
End-to-end process
How it works
Issue cards instantly
Finance issues a physical or virtual prepaid card from the dashboard — load, category restrictions and validity set in under 2 minutes.
Employee uses card with controls
The card is accepted only at approved merchant categories and within configured limits; out-of-policy transactions decline automatically.
Auto-capture and categorisation
Every transaction is captured in real time; a WhatsApp prompt asks for the receipt, and AI extracts and categorises it instantly.
Instant reconciliation
Card transactions reconcile against expense reports automatically — finance sees live spend versus budget, always.
Out-of-policy transactions are declined automatically, at the point of swipe.
Product preview
Real-time visibility, not a month-end report
- Real-time
- Spend visibility
- 0
- Unauthorised transactions
- 2 min
- Card issuance time
| Cardholder | Merchant | Amount | Status |
|---|---|---|---|
| A. Sharma | Indigo Airlines | ₹18,500 | Approved |
| R. Mehta | Unknown Vendor | ₹2,150 | Declined |
| S. Iyer | Sharma Hardware | ₹450 | Approved |
- Every card transaction visible the moment it happens
- Category and amount controls block out-of-policy spend at swipe
- WhatsApp receipt prompt fires automatically on every transaction
- Block, freeze, or close any card instantly — no bank branch required
Product preview
Cardholder experience
Every transaction triggers a WhatsApp prompt — attach a receipt, and AI auto-fills the expense entry.
- Card used: ₹450 at Sharma Hardware. Attach a receipt? 📷
- [Receipt image]
- Logged · Maintenance · Within policy ✓
- Card balance: ₹9,550 of ₹10,000
- 1
Card issued instantly. Finance issues a virtual or physical card from the dashboard in minutes.
- 2
Controlled spend. Category and transaction-limit rules enforced automatically at the point of swipe.
- 3
WhatsApp receipt prompt. Every transaction triggers a prompt; AI fills the expense entry from the photo.
- 4
Auto-reconciled. Transactions match to receipts automatically — no month-end reconciliation.
Capabilities
What's inside Prepaid Cards
Physical and virtual card issuance
Issue Visa/Mastercard/RuPay prepaid cards — physical for regular use, virtual for online or temporary needs — in minutes.
Real-time spend controls
Per-transaction limits, daily/monthly caps, merchant-category restrictions and geography rules, enforced at point of swipe.
Instant load and reload
Load funds instantly from the corporate wallet, with auto-reload rules based on balance thresholds.
WhatsApp receipt capture
Every transaction triggers a WhatsApp prompt; AI auto-fills the expense entry from the photo.
Project and team card management
Issue cards tied to specific projects or cost centres with their own budgets, controls and reporting.
Block, freeze, and close instantly
Lost card or suspected misuse — block, freeze, or permanently close any card instantly, no bank branch required.
Who benefits
Built for every stakeholder
Employee / Cardholder
Uses the card for business expenses, receives WhatsApp prompts to attach receipts, and checks balance anytime.
Finance Manager
Issues and manages all corporate cards, sets controls, monitors live spend, and reconciles transactions.
CFO
Reviews total card spend against budget in real time and gets alerts for unusual transactions or policy breaches.
Auditor
Accesses full transaction history with receipts, timestamps, and AI categorisation for any card or period.
Agentic AI
Specialised AI agents do the heavy lifting
MyVyay's agentic AI doesn't just surface insights — it takes actions on your behalf, enforces policy, and eliminates manual work at every step.
Real-time capture
Every transaction captured and categorised as spend happens.
Receipt matching
WhatsApp prompts trigger automatically; AI matches receipts to transactions.
Fraud detection
Flags unusual transaction velocity, geography, and merchant patterns.
Auto-reload
Balance management and reload based on configured rules.
Policy enforcement
Category and amount rules applied at the point of swipe.
Human-in-the-loop: agents recommend and seek approval — people stay in control of every decision.
Plug & play
Fits your finance stack in weeks, not months
Pre-built connectors mean no rip-and-replace.
SAP
Certified bi-directional integration with SAP ECC and S/4HANA for master data, cost objects, and real-time journal posting.
Tally
Deep TallyPrime integration built for Indian enterprises — vouchers, ledgers, and GST data flow both ways.
Zoho Books
Two-way sync with Zoho Books for bills, expenses, chart of accounts, and vendor records.
QuickBooks
QuickBooks Online integration keeping vendors, classes, and expense transactions in continuous sync.
Xero
Certified Xero integration posting coded spend and reconciling against bank feeds automatically.
NetSuite
SuiteApp-based connector syncing subsidiaries, classes, departments, and posting vendor bills and expense reports natively.
Visa / Mastercard PPI Networks
Card issuance and real-time transaction feed for MyVyay's corporate prepaid card programme.
Proven impact
What customers see after go-live
Real-time
Spend visibility
0
Unauthorised transactions
90%
Faster reconciliation vs. cash advances
2 min
Card issuance time
100%
Advance accountability
Aggregated customer outcomes; results vary by card volume and control configuration.
Commercials
Plans that scale with you
Startup
For teams getting started with cards
₹200 /card/mo
- Up to 25 active cards
- Virtual card issuance
- WhatsApp receipt capture
- Basic spend controls
- CSV export
- Email support
Growth
For distributed teams and field sales
₹300 /card/mo
- Unlimited cards
- Everything in Startup, plus:
- Physical + virtual issuance
- Category & merchant controls
- Auto-reconciliation to ERP
- Project/team card management
- Priority support
Enterprise
For large, multi-entity card programmes
Custom
- Unlimited cards & entities
- Everything in Growth, plus:
- Whitelabel option + AMC
- Advanced fraud detection
- Custom controls & SLAs
- Dedicated success manager
- Single sign-on (SSO)
Pricing shown for India. Card settlement and loading fees apply per transaction. Implementation: ₹50K–₹1L one-time.
FAQ
Prepaid Cards — frequently asked
Answers our solutions team gives in real evaluations.
Is this a credit card or a prepaid card?
Can controls be changed after the card is issued?
What if an employee loses their card?
How does this differ from a standard corporate credit card?
Platform
Other modules
Works with
Built from these capabilities
Get started
Ready to transform your Prepaid Cards?
See a live demo tailored to your industry and team size. Implementation takes 1–3 weeks.
2–4 week implementation · No lock-in · Priced per active user