June 19, 2009

Romania's Raiffeisen Bank and RevEurope are launching a prepaid Visa card that will allow users to send money domestically from their mobile phones. The Raiffeisen Bank Visa Prepaid Card is the first prepaid card issued by a bank in that country, according to a release.

Consumers can obtain the card at select Raiffeisen Bank branches in Bucharest and, in the near future, directly from merchants.

The card is designed for young and cash-based Romanians who are online. Customers who buy and load cash on the card can shop online, make purchases anywhere Visa debit cards are accepted, withdraw cash from ATMs worldwide and use the integrated YAP mobile service to send money domestically to friends and family, or check balances from their mobile phones with a text message. They can also manage their accounts online at www.cardpreplatit.ro.

Raiffeisen Bank offers the Raiffeisen Bank Visa Prepaid Card through a partnership with RevEurope, a member of the Rev Worldwide global network of payments companies for underserved markets. RevEurope developed and promotes the Raiffeisen Bank Prepaid Visa Card and provides the distribution and processing platform. Through a global agreement with MPOWER Mobile, a sister company, RevEurope powers the card's integrated YAP mobile service.

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