Transaction Networks, a leading player in the European prepaid market, has recently launched prepaid programs on Visa’s network.
Transact Network is one of only a handful of European prepaid issuers offering prepaid card programs under both major card schemes, giving more choice to existing and new program managers and brand partners.
Kriya Patel, Sales Director, said: “Transact Network has already issued over half a million prepaid cards with over 100 partners. With the addition of Visa prepaid card programs, we hope to double our cards issued over the next six months.”
Besides financial institutions licensed e-Money institutions, such as Transaction Networks, can also become principle members of major card schemes such as Visa Europe and MasterCard and launch prepaid programs.