No. Paisr is a technology company that operates as a payment service provider.
No, a Cash account is not the same as a bank account. While both serve the purpose of holding funds, there are notable differences. A Cash account is a digital account provided by Paisr, for the use of storing, receiving and sending electronic money. Compared to a Bank account, Cash accounts do not offer services like check writing, physical branches, or access to loans and credit products.
Electronic money, also known as e-money or digital currency, refers to a form of currency that exists electronically. It is stored and transacted digitally, usually through online platforms or mobile apps. Electronic money represents a monetary value stored electronically, which can be used for various financial transactions, including payments for goods and services. It provides a convenient and secure alternative to physical cash and traditional banking methods, offering ease of use and flexibility in managing financial transactions in the digital age.
A Multi-Currency Wallet is a digital wallet that allows you to open and manage Cash accounts in multiple currencies within a single interface.
