General purpose
Rapid growth of internet shopping; a backlash against debt; high bank charges and limited bank card utility, combined with an influx of migrants with no credit history are driving pay as you go prepaid Mastercard demand.
Travel
Eliminate the need to forecast demand for a raft of foreign currencies by providing your customers, regardless of their destination, with a Pre pay MasterCard card that can be used anywhere in the world at favourable rates.
Pay as you go Prepaid MasterCard cards allow travellers to withdraw their travel money in local currencies anywhere in the world. By using a prepaid MasterCard card consumers can easily make currency exchange conversions whenever and wherever it suits them. They can also access all of their transaction history online so they know where they are with their finances. Their card can be topped at home by friends and family, meaning they will never be caught short.
Money/transfer remittance
If you are in the money transfer sector or a complementary line of business and you are not offering a prepaid card, then your competitors soon will be.
Immigrant communities are learning the benefits of sending money abroad using prepaid cards, so why not be the first to offer them a card with maximum utility. Prepaid cardholders visit their retail agent in average two times per month to reload their card. By selling a prepaid MasterCard card you could benefit from an ongoing revenue stream and a great customer retention tool instead of missing out altogether.
Business/corporate cards
Eliminate the risk of issuing credit cards to employees by using a prepaid MasterCard card. The card can be used at all the same places as a credit card, but instead you load the funds in advance. Prepaid cards are an excellent way of keeping expenses in line with budgeted expenditure and reducing the hassles of expense claims and reimbursement for both the employer and the employee.
Payroll
Employees without bank accounts can cost you time and money to pay. By setting them up with a prepaid card you can reduce your administration time, reduce their cheque cashing fees and reduce your cash handling costs. Both parties benefit from greater security.
Youth
The youth market is an online savvy consumer group whose activity is limited only by their payment means. Whether it is joining online communities, downloading music or films or keeping their money safe to prevent theft, teens and their parents are growing fans of prepaid cards.
Local Government
Make life easier for both you and your beneficiary. Many beneficiaries can't shop online because their income is below the threshold for getting a credit card. But for beneficiaries affected by illness or disability, or with small children to look after, shopping from home can be an easier option. By issuing prepaid cards, you can eliminate your cheque run, and your beneficiaries' trip to the Post Office® and allow them to pay their bills from the comfort of their home.
Insurance
Need to pay out claimants quickly and seamlessly? Make your customers' lives easier when they most need it by providing relief funds and payouts on a prepaid MasterCard. Policyholders don't have to wait for funds to clear and can shop worldwide online, in store and by phone instantly.
Entertainment
Consumers can now 'purchase' entertainment from a range of media including downloading music and films online. As people increasingly participate in online communities there is a greater need for businesses to provide a suitable means of payment. By offering a Pay as you go credit card to visitors of your high transaction site, you can ensure a greater share of your market has access to a secure, private means of payment.
Partners
