Newcastle Building Society launch prepaid credit card

12/09/2008

Newcastle building society, the premier provider of MasterCard prepaid cards in Europe has reached the milestone of launching its 100th prepaid card scheme.

This landmark has been reached through a wide range of schemes which include money share, travel, charity and payroll cards, etc.

“We would like to thank all the programme managers we work with who have been instrumental in helping us reach this tremendous achievement. We are now in a market-leading position in the prepaid cards arena. Not only is this making a significant contribution to the Society, it is also a positive sign for the future of the prepaid card market,” commented head of card solutions at Newcastle Building Society, Kriya Patel.

"The prepaid card sector is growing quickly and the UK is now the second largest market after the US. I think we are approaching an exciting phase in this maturing sector as prepaid cards become a key consumer product. We are now well placed for expansion across the UK and European markets."