O2 Launches Pre-Paid Visa Cards
O2 Launches Pre-Paid Visa Cards
15th July , 2009
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UK : O2 has partnered with NatWest to make its debut in the personal finance market with the launch of O2 Money, a new business within O2 that will seek to advance the increasing synergies between mobile and money. The first products from O2 Money, supported by NatWest, are two cash cards, designed to give people greater control of their money.
O2 have collaborated with Natwest to move into the personal finance market by launching O2 money. Two cash cards have been designed, which are designed to give people greater control of their money.
The O2 money cash cards are pre-paid Visa cards which are aimed at helping people manage their money better and making it impossible to go overdrawn. The cards will also combine with mobile phones enabling real-time balance updates and will be available at the end of August,
The cards can be used anywhere that accepts Visa in the UK and abroad, as well as online and are only available to O2 customers.
Helen Page, Managing Director of Marketing and Innovation at NatWest, said: “In the current climate, NatWest is more committed than ever to developing innovative solutions to help customers connect with their finances. Aside from general mobile banking services such as text alerts, NatWest was the first bank to offer customers the opportunity to activate their debit card from their mobile phone, as well as providing a text alert service to keep them updated during every stage of their mortgage application. We believe these groundbreaking O2 Money cards will really raise the bar, in terms of the added value customers will get from the interaction with their mobile phone.”
Helen Page continued. “More people than ever are using their mobile phones as a means of managing their money and NatWest is always looking at new ways of incorporating the mobile phone into our services, to ensure our customers can interact with us as easily as possible. These cash cards, delivered in partnership with O2, are the first step on the road towards a more advanced mobile banking service, and the closer alignment between mobile phones and payment technology.”
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