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OmniPay, Diners Club launch prepaid card – The Manila Moments


OmniPay, Diners Club launch prepaid card

September 15, 2019

Digital funds issuer OmniPay Inc. and payment solutions business Diners Club Global Ltd. introduced final 7 days a prepaid card that they claimed caters to world-wide Filipinos.

During its launch on Tuesday, OmniPay President and Main Govt Officer Simoun Ung explained the OmniPay Diners Club Foreign exchange card as a US greenback-dependent prepaid card that can act like a loyalty and benefits card.

According to him, the card is internationally approved in the Find World wide Network, which involves Diners Club.

The EMV-compliant card, Ung claimed, will come with a cell application that allows the cardholder to access different payment capabilities, this kind of as genuine-time card-to-card transfer, QR payments, stability inquiry and transaction record.

The application also allows consumers to locate automated teller equipment in the vicinity, get the hottest forex trade costs, and features nearby tipping etiquette in diverse international locations.

Therefore, the card is the alternative to organizations that are on the lookout to integrate vacation-related rewards for their consumers, Ung claimed.

He highlighted that its partnership with Diners Club was component of OmniPay’s money inclusion initiative.

“OmniPay’s mission has normally been money inclusion. We wanted to be in a position to provide the unbanked and underbanked in the Philippines,” he claimed.

Ung discussed that the card would equip world-wide Filipinos — who either vacation for do the job or leisure — with the rewards of owning a vacation card personalized for their special necessities.

“If you can picture, some of our overseas Filipino staff may be sending funds only to their moms and then hoping that it [would] be correctly distributed to their husbands, to their fathers or small children. Now, from the cell application, they can send out it to all of them immediately,” he claimed.

Included in 2009, OmniPay is a Bangko Sentral ng Pilipinas (BSP)-authorized entity and regulated as a non-financial institution money establishment (NBFI). It is also a BSP-authorized electronic funds issuer-NBFI and a immediate member of UnionPay Global, JCB Global and BancNet as electronic funds issuer affiliate.

Diners Club Global Ltd. is a immediate banking and payment solutions business owned by Find Money Companies, a single of the most regarded makes in US money solutions. It delivers a range of payment solutions, rewards and unique features — in partnership with major merchants, places to eat and services-business makes all-around the earth.

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