MasterCard launches prepaid cards for the corporate and government sector
MasterCard Europe is launching three prepaid cards designed for the corporate and government sectors. The cards offer a range of payment options that allow companies to “control and improve” the management of funds.
The cards are the MasterCard Business Prepaid Card, the MasterCard Business Prepaid Travel Card and the MasterCard Everyday Money Prepaid Card.
Group head of Prepaid Europe Chris Reddish says: “Business demand for an alternative way of making and managing payments is growing. All types of businesses are looking for solutions that are convenient, secure and easier to control.”
Employees using the Business card can only spend what is loaded on the card. The Travel Card covers travel-related payments in non-domestic currencies and the Everyday Money card is for companies who need to pay an individual who does not have a bank account.