Prepaid Cards news and trends

Payments Firms Netspend and Rêv Combine to Form Ouro

November 01, 2023
Recharge Enters Corporate Gifting Space With B2B Pilot Service
Gift Cards // August 15, 2023

Recharge has launched a pilot B2B service enabling corporate gifting of prepaid products. The digital prepaid payments platform’s new service is designed to support companies looking to reward and incentivize employees with gift and prepaid cards, Recharge said in a Tuesday (Aug. 15) press release....

Unlocking the Virtual Prepaid Card Opportunity
Digital Payments // July 31, 2023

Money today is different than it was five years ago. It’s more nimble, secure, online and democratized. That’s why PYMNTS sat down with Chris Winter, managing director and head of APAC at Discover® Global Network, and Suresh Rajagopalan, CEO at Wibmo, a PayU company, to discuss the changes —...

Netspend and Leagues Cup Team to Launch Travel Wallet For Soccer Fans Worldwide
Digital Payments // July 21, 2023

Netspend has announced an official debit card partnership with the Leagues Cup, an inaugural soccer tournament taking place this summer in the U.S. The deal will see Netspend‘s new multicurrency travel wallet and payments super app, dubbed the X World Wallet, take centerstage during the...

Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
Digital Payments // July 12, 2023

Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance,  Bloomberg reported Wednesday (July 12). In that deal, Papara gave Beka an undisclosed amount of cash and shares in exchange...

Interviews & Exclusives
Unlocking the Virtual Prepaid Card Opportunity

July 31, 2023
Money today is different than it was five years ago. It’s more nimble, secure, online and democratized. That’s why PYMNTS sat down with Chris Winter, managing director and head of APAC at Discover® Global Network, and Suresh Rajagopalan, CEO at Wibmo, a PayU company, to discuss the changes — and opportunities — today’s increasingly online economy is bringing to […]

The Challenges Challenger Banks Must Overcome To Compete

November 11, 2019
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is...

Wild Cards? eGaming, Payroll, Credit, Provide Fresh Fuel For Prepaid

June 05, 2019
Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. The real...

Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth

February 21, 2019
Financial technology firm Green Dot, which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 million in net income...

Quick Reads
Payments Firms Netspend and Rêv Combine to Form Ouro

November 01, 2023
Payments firms Rêv and Netspend have combined their operations to form a new company named Ouro. The new group will maintain Netspend as a flagship brand and prepaid card provider, while also continuing to expand use of Rêv’s X World Wallet, the company said in a Wednesday (Nov. 1) news release. “With the successful integration and alignment of our people, platforms […]

Recharge Enters Corporate Gifting Space With B2B Pilot Service

August 15, 2023
Recharge has launched a pilot B2B service enabling corporate gifting of prepaid products. The digital prepaid payments platform’s new service is designed to support companies looking to reward and incentivize...

Netspend and Leagues Cup Team to Launch Travel Wallet For Soccer Fans Worldwide

July 21, 2023
Netspend has announced an official debit card partnership with the Leagues Cup, an inaugural soccer tournament taking place this summer in the U.S. The deal will see Netspend‘s new multicurrency...

Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal

July 12, 2023
Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance,  Bloomberg reported Wednesday (July 12)....