Payment solutions provider hyperWALLET has
expanded its prepaid card products designed to provide the unbanked
with value redemption options.

Targeted at clients such as businesses,
governments and NGOs, hyperWALLET claims the enhancement of its
prepaid services is an industry first approach to cross border card
issuing offers with improved compliance for global organisations
and lower service fees for cardholders.

“hyperWALLET has a long history of prepaid card innovation – we
were the first independent provider in Canada to launch a compliant
instant issue debit card for government welfare,” Lisa Shields, CEO
of hyperWALLET.

“However, we have always viewed prepaid cards as a component of
an integrated global payment distribution service, not as the only
service. hyperWALLET’s global bank deposit services and regional
cash agent partnerships have already made our B2P value proposition
unmatched in the world of low value payments.

“Our new prepaid card service compliments these existing options
by providing a point of sale and ATM access card which can be
compliantly provided to individuals around the world.”

Immediate orders for programs requiring USA, Canadian and
Mexican card services are being accepted by hyperWALLET, but Asian
jurisdictions will have to be patient as orders will not be
accepted until the first quarter of next year.

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By GlobalData