Sometimes referred to as remittance cards, they are designed to compete with traditional money transfer. Two prepaid cards are issued under the primary card account and allow instant transfer of funds from the primary card to the secondary card.

The benefits to the cardholder are that funds are transferred across borders instantly at low cost - useful for migrant workers who are often unbanked and have no credit history. The cards can be used to make purchases worldwide at any MasterCard or Visa merchant or ATM. Cardholders also do not need to undergo a credit check.

Recipient Benefits

• Safe alternative to cash when travelling
• Cards accepted worldwide at retail and online
• Can access cash in local currency
• Card locations worldwide
• Protects against theft, identity fraud and loss of cash when travelling
• No interest or late fees payable

Card Features

• Re-loadable (fundable) prepaid card
• MasterCard or Visa logo
• Worldwide point of sale access
• Custom card designs available
• Card activity and balance information available via Web or IVR

How Transact Network Can Help With Your Travel Card Needs

Transact Network is a full-service prepaid services provider and can assist youin entering the money transfer card market. Our services range from turnkey,off-the-shelf travel cards to fully custom designed programs.