InComm partners Revolut to introduce prepaid cards at wilko retail stores in the UK.
Revolut enables set-up of a digital banking account with a variety of functionalities, including international money transfers and currency exchanges.
Customers can store their funds on a mobile wallet or a physical prepaid card. As part of the latest alliance, the card will be available for purchase at wilko stores.
Linking of the prepaid card to Revolut account will allow transactions such as in-store and online purchases and cash withdrawals at ATMs, among others.
Revolut founder and CEO Nik Storonsky said: “We are excited to be able to help even more customers save money through our partnership with InComm. By distributing our cards to retail consumers in-store, we can help them avoid fees whenever they transfer, spend or withdraw money at home and abroad.”
Retailers can use InComm’s point-of-sale technology to provide prepaid products that can be activated at the time of checkout.
InComm senior vice-president for EMEA and Russia Simon Osgood said: “Digital banking alternatives offer consumers full transparency into their financial well-being, and they need a seamless way to connect their online funds to a physical prepaid card that they can use for day-to-day transactions.
“Revolut users will be able to walk into a wilko location and easily purchase a prepaid card to link to their account.”