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Innovation 27 July 2016

All the advantages of a bank card on a prepaid card

PrePay Solutions is managing the new Prepaid Optimum Card in the United Kingdom on behalf of MasterCard - no bank account or checkbook needed! Let's have a closer look.

Innovation

PrePay Solutions, a joint venture owned by Edenred and MasterCard, handles large volumes of transactions for the Group and acts as a pathfinder for the development of its prepaid services.
Its expertise in this area enabled it to create the first prepaid card offering the same advantages as a bank card, with no risk of going over budget.
 

The advantages of the Prepaid Optimum Card

This reloadable prepaid card, combined with a mobile application, is a comprehensive solution allowing those without a bank account to deposit money, make and receive transfers, withdraw money and pay for purchases throughout the MasterCard network, i.e. in 36 million retail outlets around the world. Users can also check their balance at any time.

See images of the solution

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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Matthieu SANTALUCIA

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