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23/02/2010 -
Of all the players in the growing prepaid card industry, MasterCard seems to be at the top.At least that's what Paybefore, a news and research resource for the network branded prepaid card industry, found in its recent round of industry awards, in which it named MasterCard Worldwide as the top global provider of prepaid cards. Multiple MasterCard prepaid card programs were given awards.
"We are honored to be included in this acknowledgement for our contribution to the prepaid programs," said Laura Kelly, senior vice president of global prepaid and healthcare solutions at MasterCard Worldwide. "The breadth of products recognized points to the increasing diversification of prepaid and its rapid global growth. This is an exciting time for the prepaid industry and we are thrilled to be at the forefront of this global momentum."
MasterCard seems to be in a good position as the prepaid card industry is growing rapidly - recent research commissioned by MasterCard and conducted by the Boston Consulting Group and PSE Consulting forecast that global spending on prepaid cards would reach $680 billion by 2015.
MasterCard's next achievement will be to successfully enter the Canadian debit card market, a planned move which has both merchants and payment processing industry players concerned about a potential rise in interchange fees.
