Kasheesh Introduces Multi Use Card: Split Payments Across Multiple Cards for Flexibility, Convenience, and Credit Optimization
25 Julio 2024 - 7:00AM
Business Wire
Convenient Digital Card Allows for
Streamlined E-Commerce Payments & Better Credit
Utilization
Kasheesh, the first digital payment platform that allows anyone
to split payment for online purchases anyway they want across
multiple credit cards, today announces the launch of the Multi Use
Card. Kasheesh’s Multi Use Card offers one, reusable card that can
split purchases across up to five debit, credit cards, and gift
cards by choosing a percentage for each.
Today’s announcement builds off the company’s single use card, a
digital debit card generated by Kasheesh that lets customers split
one purchase across multiple cards before it is deactivated. This
helps enhance security, while also allowing them to better utilize
their credit.
With the Multi Use Card, instead of having a new card number
generated for each purchase, shoppers will have the ability to make
recurring purchases on the same card. The Multi Use Card can be
uploaded into digital wallets including Google Pay and Apple Pay,
and then utilized for wherever digital payments are accepted
including Amazon, utility payments, or rent. The new tokenized
multi use card also brings the same level of security as the single
use card, making it as secure as a traditional credit card, but
with significantly greater flexibility.
“The Kasheesh Multi Use Card, with Apple Pay and Google Pay
partnerships, combines flexibility, convenience, and control, all
in one card,” said Sam Miller, Co-Founder & CEO at Kasheesh.
“At Kasheesh, our goal is to help simplify people’s financial
lives. We believe the launch of the Multi Use Card, building on the
technology that was underlying our traditional single use card,
will set a new standard in the way people manage their
payments.”
People are increasingly looking for smart ways to maximize their
savings. According to a PYMNTS.com survey, 60% of US shoppers used
some type of split payment option in the past year. Rather than
using a buy now pay later service, applying for a new line of
credit, or maxing out a current card, Kasheesh is focused on
empowering people to spend only the money they have in their
wallet, not take on more debt.
“We are thrilled to give our customers yet another way to manage
their spending with the Kasheesh Multi Use Card,” said Kevin Kim,
CTO at Kasheesh. “The technology behind our Multi Use Card ensures
a seamless and secure integration of multiple cards into one for
multiple purchases, ensuring Kasheesh customers have the best and
easiest way to split payments right at their fingertips.”
People can create their Multi Use Card in a few simple steps in
the Kasheesh mobile app or on desktop by logging into their
account. After the card is created, it can be seamlessly added to
Apple or Google Pay for purchases on the go. Cards and percentages
can be changed anytime on the Kasheesh Cards page.
The Multi Use Card is now available to all Kasheesh customers
any place where Mastercard debit cards are accepted in the U.S. In
the coming months, Kasheesh will also roll out proprietary AI
technology that will allow for smart utilization across credit
limits and maximizing cash back rewards. To learn more, visit our
website or download Kasheesh in the App Store or Google Play
Store.
About Kasheesh:
Kasheesh represents a new era for payments. Kasheesh is a
first-to-market digital payment platform that allows anyone to
split payment for online purchases across multiple debit and credit
cards in any way they want.. We believe any shopper regardless of
income and credit score should be able to consolidate spending
power across their spending cards in order to optimize rewards and
build credit with real-time transactional intelligence. More
importantly, we believe unlocking the full potential of debit and
credit cards will help consumers everywhere make more responsible
spending decisions powered by analytics.
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Aaron Berger 917.355.8959 aaron@am.partners