Posts Tagged ‘prepaid’
3V launches pre-paid ‘youth card’ with parental controls
28 February 2012 | 
Author 3V – the global electronic Payments specialists, have launched a customised Chip & PIN Pre-Pay Visa card and money management service for teenagers, introducing the first payment platform to offer comprehensive parental access and controls for the youth market.
via 3V launches pre-paid ‘youth card’ with parental controls.
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Posted in Marketing | 
Tags: 3V, chip & PIN, electronic payments, money management, parental access and controls, parental controls, payment platform, prepaid, teenagers, Visa, youth card, youth market | 
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64 hours of travel
In fourteen days I’ve been:
- In the air for 40 hours
- Travelling to and from airports and waiting for planes for 12 hours
- Travelling to and from my office for 12 hours
That’s 62 hours travelling in 14 days! Was it worth it? Yes, absolutely.
My travels took me to Cape Town, London and Miami: in all three cities I was fortunate to meet some of the most interesting people in the prepaid industry. The range of people was wide and included huge multi-nationals as well enthusiastic, entrepreneurial start-ups.
One thing is for sure, the prepaid sector is going to be seeing some exciting developments this year.
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Posted in Global Prepaid Exchange, Marketing | Tags: Cape Town, London, Miami, prepaid | No Comments »
FNB eWallet gets a boost
Yet more positve news about the prepaid market in South Africa; this time regarding eWallets.
First National Bank’s eWallet has seen a 133% jump in growth for the month of December 2011, processing over R140 million in money transfer transactions as compared to R60 million in December 2010.
“Every festive season since its launch, eWallet has continued to show remarkable growth,” says Yolande van Wyk, CEO of FNB eWallet Solutions. “Average daily transaction values have also increased to approximately double the figures we saw a year ago.”
via FNB eWallet gets a boost – Business News | IOL Business | IOL.co.za.
My favourite quote in the piece is from van Wyk, “We strongly believe that in order to experience further growth for eWallet it is important to look past just servicing the unbanked.”
Here, here.
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Posted in Marketing | Tags: eWallets, First National Bank, FNB eWallet Solutions, money transfer, prepaid, South Africa, unbanked, Yolande van Wyk | No Comments »
Banks chase R29bn prepaid-card market in SA
I’m off to Cape Town next week to meet some of the key players behind the growth of Prepaid in the region.
In South Africa we haven’t got to the point yet where local celebrities are clamouring to get their names branded on prepaid cards, but it is a market that is showing so much growth potential that the widest represented prepaid industry organisation in the world, Global Prepaid Exchange, established an office in Cape Town late last year.
It also represents a big enough market opportunity for the big banks in South Africa to sit up and take notice, expanding their prepaid offering to get a slice of the cake. According to Global Prepaid Exchange, the market is worth R29.4bn annually – almost half the current market capitalisation of Nedbank, South Africa’s fourth largest bank. The term “market opportunity” is used to describe the estimated maximum potential annual load value that could be achieved in the market on prepaid products given current market conditions.
via Banks chase R29bn prepaid-card market in SA – Financial | Moneyweb.
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Posted in Global Prepaid Exchange, Marketing | Tags: Cape Town, Global Prepaid Exchange, Nedbank, prepaid, prepaid cards, South Africa | No Comments »
OFT orders banks to be clear on holiday money charges
The Office of Fair Trading (OFT) told the banking industry to make charges for overseas transactions more easily understood by improving credit card summary box information and by revamping websites so that customers will be able to see, at a glance, all the fees that apply.
There is an alternative…get a prepaid foreign currency MasterCard or Visa card and the terms and fees are clear upfront. This may be a case of selecting the right tool for the job. Caxton Fx and Travelex are the ones I’ve used.
Posted in Marketing | Tags: banking industry, Caxton FX, credit card, foreign currency, MasterCard, Office of Fair Trading, OFT, prepaid, Travelex, Visa | No Comments »
Disincentive schemes
Avios, not to be confused with the Association of Visually Impaired Office Staff, is the new name for AirMiles. This new name has come about following the merger of BA and Iberia.
So the story here is that millions of air passengers face being charged hundreds of pounds in taxes and fees after a change to a major loyalty scheme offering so-called ‘free flights’. The overhaul of the popular AirMiles reward programme means customers claiming flights with their miles will have to pay all air and fuel taxes on their trips.
The change could add up to £300 to the cost of flights to New York, £420 for a trip to Tokyo and as much as £600 to Australia flights.
Andrew Saffield, managing director of the Mileage Company, which owns AirMiles, is quoted in the Daily Mail as having said: ‘Unfortunately it has been untenable for us to be able to completely subsidise the flights. We had been unique in offering that.”
Why am I mentioning this here? Well, for a lot of people AirMiles comes over as being very similar to a prepaid incentive or recognition programme, and it is really. To suddenly change the terms and conditions, therefore the value, of the offer is in danger of making people very suspicious of stored value and prepaid incentive programmes.
We must all work hard to continue to deliver the value people believe they are getting from our programmes.
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News – Ukash
People who buy expensive items on their credit cards could find they are putting themselves at increased risk of falling into debt in the future, it has been suggested.
Justin Modray, spokesman for Candidmoney.com – an impartial website offering free monetary advice to help individuals better understand their finances – noted paying by plastic can have its downsides and ultimately become a prohibitively expensive way to shop.
More >>> News – Ukash.
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