First prepaid credit card at Mauritius

12 years, 6 months ago - October 10, 2011
The island’s first prepaid credit card will be launched by Bank One in November. At the bank’s headquarters on Friday, chief executive officer, Raj Dussoye emphasised on the security of the prepaid card, which allows multiple transactions.

He said, “Provided with the same security features and protection as a VISA smart debit card, this prepaid credit card allows the holder to pay for purchases or withdraw cash from an ATM. It works the same way as a standard debit card, but the expenses are paid from an account already provided for this purpose. The VISA prepaid card is easily rechargeable, making it an excellent alternative to cash.”

The CEO highlighted that the major advantage the card has is that it is more accessible than any other bank cards.

All the branches of the bank offer the prepaid card and the formalities have been reduced.

“A user of the card need not be a client of Bank One to withdraw money from an ATM said Dussoye.

Text by the Independent
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