When we say The InstantPay would be PayPal alternative then it gonna have following features:
* You will have an online virtual account
* Deposit money into your online account,
* Redeem money through ATM cards
* Buy/Sell products/services online
* Transfer money online
* Interbank money transfer
* And of course more!
So just assume if you are enabled with above mentioned features, what else would you require being in Kuwait or wherever you are?
The InstantPay is going to offer you all these services, starting with a virtual online bank account that will offer all the luxuries of conventional bank account plus an ability to make and accept payments online.
Through sources we know that these virtual bank accounts will come with debit cards, meaning that you will be able to withdraw money from any ATM worldwide.
This equation suggests that an individual will be able to sell products online, and get the money in cash format through nearby ATM.
The InstantPay a product of www.thebc.com will be launched soon. At the moment we are only taking merchant applications.
The InstantPay will start with 50 invite only virtual accounts in the beginning. If you want to be one of lucky 50, simply fill a form here: http://www.thebc.com/
It merits mentioning here that TheBC.com, the parent company of The InstantPay is headed by Sulaman Choudary.
In short, the news is – people will be enabled to make/receive online payments soon.
