The company said this will allow anyone, regardless of the residency or citizenship, to send and receive money with a secure e-wallet account and get access to the funds by a prepaid MasterCard that is connected to the Paxum e-wallet account.
The Paxum business account allows affiliate networks to open accounts for their affiliates for free.
The company said Paxum account holders that opted to receive Paxum Prepaid MasterCard can withdraw their funds at any ATM worldwide, where MasterCard is accepted.
"Paxum prepaid card is a fully functional MasterCard embossed with the name of the owner, therefore it can be used not only for electronic transactions but also at regular point of sale locations," the company said.
The Paxum Prepaid Mastercard offers $2.00 per ATM withdrawal along with daily ATM withdrawals of $2,500.00 per day.
