Kotak Bank, Zeta launch digital prepaid solution for employees

As per a release, Paymint enables corporates to offer a host of benefits to its employees including meal vouchers, medical reimbursements, leave travel allowances, conveyance, and fuel allowances, among others "to maximise tax benefits" for employees and optimise the process of making claims.

"Paymint offers corporates a single digital interface, powered by Zeta, to manage multiple reimbursements and allowances offered to employees," it said.

V Swaminathan, Senior Executive Vice President, Kotak Mahindra Bank said that the current employee benefits programme is a cumbersome process.