MasterCard has launched its rePower prepaid service in the U.K., according to Finextra.
“By enabling cash electronification to take place at a far wider range of merchants or online, MasterCard is creating a series of environments where pre-paid can be disruptive to the normal flow of cash in our society and where those people bound to cash can take advantage of the security, convenience and control offered by pre-paid,” said Matt Lanford, MasterCard’s head, prepaid, Europe.
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