Versacard is a multiple application electronic purse on a smart card. Simply put, it is an electronic payment system using a pre-paid contactless cash card.
It can be used to pay for your purchases/transactions in transport systems, convenience stores, fastfood outlets, gas stations, drugstores, supermarkets, ATMs, cellphones, vending machines, toll roads, parking, and other commercial establishments as well as pay for your bills.
Handled Through Merchant Accounts
Any business with a merchant account, capable of processing electronic payments/ accepting credit cards, will be able to accept the card. Other merchant services such as, merchant cash advances which are loan alternative financing solutions based on future credit card sales, will also be connected with the product.
Early possible tie-ups include LRT I and II, LRT I and II stalls, Araneta Center, McDonalds, 7-Eleven, Union Bank, PNB, Landbank, Citibank, G-Cash and many others to follow.
It can be bought in most convenience stores, groceries, and gas stations.