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The Green Sheet Online Edition

March 14, 2011 • Issue 11:03:01

Prepaid in brief

The Green Sheet, Inc. NEWS

European prepaid market to hit 160 billion euros by 2017

U.K.-based PSE Consulting said the European prepaid card market is moving toward critical mass. By 2017, the market will reach 160 billion euros (over $200 billion) in annual spend, representing 6 billion transactions, according to research conducted by PSE. The consultancy expects about 65 percent of spending on prepaid cards in the market in 2017 to come from the "Germanic region" of Europe, along with the U.K., France and Italy.

Bill to regulate prepaid phones introduced in Philippines

It was reported in the Manila Standard Today that the Philippines' Department of Justice endorsed a proposal put forth by a member of the South Asian country's congress to require prepaid cell phone buyers to register their phones with authorities as a crime prevention method. Senate Bill 2644 would require prepaid phone purchasers to register the subscriber identification module cards to help the Philippines' law enforcement community fight extortion and other crimes, according to the news outlet.

Double-digit growth forecasted for prepaid in India

Research conducted by The Global Prepaid Exchange indicates that players in India's prepaid card market have reason to be optimistic. The global association forecasts that the market opportunity for prepaid cards in India will be $ 9.3 billion in 2011, with travel, gift, payroll and government benefit cards leading the way. The consulting firm predicted large growth for gift (30 percent), payroll (20 percent) and government benefit (15 percent) cards.

The Green Sheet, Inc. ANNOUNCEMENTS

BillMyParents signs skateboarder as 'brand ambassador'

Socialwise Inc.'s BillMyParents subsidiary signed professional skateboarder Rob Dyrdek to a multiyear contract as a spokesman and brand ambassador to communicate the advantages of the teen spending prepaid card program through commercials, on the company's website, in viral video campaigns and through social media initiatives.

GiftCardGreatness.com says mobile gift cards increase sales

Smart Transaction Systems' GiftCardGreatness.com touted mobile gift cards as a way for small merchants to increase business. The company said "m-gift" cards, which are sent via text messages to recipients' cell phones, help businesses capture revenue they might otherwise have lost by offering relevant products to specific customer segments, such as teens and last-minute gift-givers.

MoneyGram re-signs grocery chains

MoneyGram International renewed contracts to provide money transfer services in Raley's Family of Fine Stores and Stater Bros. Markets, which in total add 287 new locations to MoneyGram's network.

SelectCore launches Canada's 'first' retail reload network

Prepaid card processor SelectCore Ltd. said its new ReCash service is Canada's "first ubiquitous cash reload network for prepaid stored-value cards." For the initial rollout, thousands of Canadian retailers with SelectCore-owned VeriFone Inc. terminals will become ReCash "branches" and "tellers."

The Green Sheet, Inc. PARTNERSHIPS

Blackhawk expands with Argos overseas

Safeway Inc.'s gift card mall subsidiary Blackhawk Network heralded the expansion of its partnership with U.K. retailer Argos Ltd. and its intent to put gift card malls in stores throughout the United Kingdom, including Ireland.

New partnership for mobile top-ups in Philippines

MoneyGram, text message provider Iris Wireless LLC and Philippines-based telecommunications company Globe Telecom agreed to provide global prepaid mobile top-up services to Filipinos living in the United States for mobile money transfers to friends and family in the Philippines.

NetSpend teams with auto insurance companies

NetSpend Holdings Inc. inked deals with auto insurance companies First Acceptance Corp. and The General Automobile Insurance Services Inc. NetSpend said its general purpose reloadable cards can be used by the companies' unbanked policyholders to pay insurance premiums electronically.

Western Union, Etisalat to mobilize in 18 countries

The Western Union Co. teamed with mobile telecommunications company Etisalat Group to introduce the Western Union Mobile Money Transfer service in 18 countries where Etisalat operates: Asia, the Middle East and Africa.

Game publishers go for open, virtual currency solution

Zeevex, an InComm company that offers an open, virtual currency platform for retailers, signed agreements with online game publishers Goozex Inc., 2Pay Inc., Snail Games USA, Quest Online LLC and Gamania Digital Entertainment Co. Ltd. Zeevex offers a distribution network at over 50,000 retail locations in the United States where Zeevex's virtual currency prepaid cards are sold.

The Green Sheet, Inc. ACQUISITIONS

Hotgate subsidiary buys China prepaid card issuer

Hotgate Technology Inc., through its subsidiary Shanghai Hongsheng Net Telecommunications Company Ltd., agreed to purchase (QBA) for approximately 10 million renminbi (China's official currency). QBA is a prepaid card issuer in Shanghai.

Syscan Technology buys prepaid card business in China

China-based two-dimensional barcode technology, product and solutions provider Syscan Technology Holdings Ltd. purchased Country Praise Enterprises Ltd. for HK$150,000,000 (in Hong Kong dollars). Country Praise, which issues prepaid cards in China, operates in Beijing, Shanghai, Shenzhen and Chengdu, among other cities.

The Green Sheet, Inc. APPOINTMENTS

MoneyGram promotes Agualimpia to EVP and CMO

Juan Agualimpia was promoted to Executive Vice President and Chief Marketing Officer at MoneyGram. His new responsibilities include global branding, marketing and product management.

Travelex appoints two payment veterans to team

  Travelex Global Business Payments added two executives to its management team. Andrew Wiseman was appointed to lead Global Products and Marketing and Nick Masterson-Jones was named CIO and leads development of Travelex's payment platform, GEO. end of article

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Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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