Wing, Foreign Trade Bank partner to offer prepaid Visa Cards
Mobile payment company Wing and the Foreign Trade Bank (FTB) of Cambodia on Monday announced they had joined forces to expand the bank’s already-existing prepaid Visa card network in an effort to make it easier for locals without bank accounts to have access to electronic forms of payment. The prepaid Visa card does not require a bank account or collateral to purchase, but users pay a small fee ($3 to $5) for the card. Then, depending on the card, users add up to $500 or $5,000 on it to spend. A small fee ($2 to $8.25) is associated with every card reload. Users can make purchases where Visa cards are accepted, including online. Users also can withdraw the money and check their balance via Visa PLUS ATMs, though some fees may apply. When the money runs out, the card can be topped up at a Wing or FTB outlet as well as online or via a mobile phone. Remittances are also possible. …
Joshua Wilwohl
http://www.cambodiadaily.com/business/wing-foreign-trade-bank-partner-to-offer-prepaid-visa-cards-52487/
