What is a virtual card and how it works

Today, most financial transactions are conducted online, and digital technologies are becoming an integral part of our lives. One of the most innovative financial instruments is a virtual card. It allows users to conduct financial transactions without the need to carry a physical medium. We will tell you how to create a virtual card and pay with it below.

A virtual card is an electronic analog of a regular plastic bank card that exists only in digital format. It is designed for secure online payments and online purchases. It has all the necessary details:

• card number;
• expiration date;
• CVV code.

Unlike its physical counterpart, the card has no material form. This is very convenient, as such a payment instrument cannot fall into the hands of fraudsters - there is simply nothing to steal in this case.

All online cards can be divided into several types, depending on their purpose and functionality:

• debit - intended for settlements with own funds;
• credit cards allow you to use credit funds with a limit set by the financial institution;
• one-time - created for each purchase, after which they are automatically canceled to improve security.

Depending on the bank's offer, you can open a digital card in hryvnia or its currency equivalent in dollars or euros.

This is an innovative product designed for users who value the security and speed of financial transactions.

The GlobusPlus mobile application is available:

•GlobusPlus is a card with a credit limit and cashback up to 20%;
•GlobusPlus Light - a profitable debit card that allows you to receive cashback for purchases and freely use your own funds, earning interest on the balance;
•GlobusPlus USD/EUR - cards in the respective currency that allow you to freely use your own funds abroad and in Ukraine;
•ePidtrymka - a virtual card for receiving social assistance under the state program of the same name;
•eVidnovlennia - a specialized digital card for receiving assistance under the state program “eRestoration”

The GlobusPlus app's interface is intuitive, allowing you to manage your funds online without any extra effort.

There are many advantages to using digital payment and credit cards:

• Security - provides a high level of protection for your financial data;
• Speed of registration - the process of online card registration takes a few minutes;
• Spending control - easy to track and control your expenses;
• Flexibility of use - the ability to use the card anywhere and anytime.

To do this, you need:

• Go to the “New card” menu on the main screen of the application;
• Select the desired card;
• Follow the prompts in the application. 

The last step is to activate the card, after which it will appear in the application with all the necessary details. Also, don't forget to add the card to your e-wallet!

There are several ways to withdraw funds from a virtual card:

• withdraw cash at the cash register in the store;
• transfer funds to a physical card and withdraw cash from an ATM;
• visit a bank branch and order cash.

Issuing a virtual card in GlobusPlus is a simple and convenient process, which makes this financial instrument accessible to every user.