Mobile eWallet provider Cashcloud has launched a new Prepaid MasterCard that can be used worldwide anywhere MasterCard is accepted.

The card, which will be accepted in over 36 million acceptance points, can also be used for making online payments.

The card offers benefits such as viewing and checking transactions in real time on the eWallet. Cardholders can keep full control over their spending and also additional security as users can only spend the money they have loaded on the card.

The card will be available for free for the first 12 months after which an annual fee of only EUR10 will be charged.

User must install the cashcloud app, register for free as well as maintain a minimum balance of EUR10 on the eWallet to use the Prepaid MasterCard.

Cashcloud managing director Olaf Taupitz said: "With the cashcloud Prepaid MasterCard we are bringing our eWallet to the next level. There are no limitations and all payments whether on the internet or directly in retail shops can be processed and managed with cashcloud."