Posted on 02/03/2017 at 14:22
Wirecard and Monzo named Best Prepaid Product of the Year
Wirecard and Monzo named Best Prepaid Product of the Year at The Card and Payments Awards 2017
Wirecard and Monzo are the proud winners of Best Prepaid Product of the Year with The Monzo Prepaid Debit Card, with an app on both iOS and Android, it allows users to closely track their everyday spending, and get fee-free travel when spending abroad. After a rigorous entry process whereby finalists were selected by an esteemed judging panel, the winners were announced last night at the prestigious Ceremony and Dinner held in London, attended by over 1200 key players from across the industry.
The Card and Payments Awards recognise excellence and innovation in the UK and Irish card and payments industry, the awards are open to credit, debit, prepaid and charge card issuers, co-brands, merchant acquirers and other payments companies. Now in its twelfth year, these prestigious awards recognise achievements across all areas of the industry with categories for credit, debit, mobile, digital, loyalty as well as prepaid. Wirecard Card Solution is recognised in this category for the second year running after being named winners of Best Prepaid Product of the Year with the “Pockit Prepaid MasterCard for Everyday Spending” in 2016.
Wirecard Card Solutions Ltd (WDCS), is the leading issuer of payment solutions in Europe. The UK based organisation issues physical and virtual payment products for many of the biggest and most innovative programme managers in Europe across various prepaid propositions including travel, GPR, gift, corporate, youth and agency banking. Tom Jennings, Managing Director at Wirecard Card Solutions, said “We are delighted that Monzo have been recognised by the Payments Industry with this award. It further demonstrates the integral role that Wirecard plays in enabling new Fintech businesses to develop, thrive and ultimately be successful”.
As a BIN Sponsor and an e-money issuer, WDCS enable prepaid programme managers to issue payment products on the Visa and MasterCard networks across the SEPA region managing all associated regulatory compliance. WDCS is a subsidiary of Wirecard AG, which is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions including issuing, acquiring, processing and banking.