MasterCard partners with Beam to provide pre-paid cards in India
MasterCard partners with Beam to provide pre-paid cards in India
MasterCard has partnered up with Indian mobile wallet provider Beam
to provide mobile companion pre-paid cards to its customers in the
country. With the launch of this pre paid card more than 14 million
Beam users will be able to transact online or at physical merchants and
even access ATMs.
"Our collaboration with MasterCard Worldwide’s pre-paid card system
enables us to offer our customers a unique product that fits their
lifestyle and provides access to ATMs and card-transactions at
merchants, further extending the reach of our Mobile Wallet to a wide
range of cashless solutions and our endeavor to make Beam an aspired
brand,” said Anand Srivastava, Chairman, Beam.
This collaboration between Beam and MasterCard will enable customers to make e-payments to book movie or travel tickets, pay utility bills, for fund transfers and even withdraw money from ATMs as well as Beam franchisees. These cards will be rolled out in July/August 2013 by Beam franchisees across the country.
This partnership is expected to benefit MasterCard as well as Beaml. India has more than 850 million mobile users and the potential for growth is tremendous.
This collaboration between Beam and MasterCard will enable customers to make e-payments to book movie or travel tickets, pay utility bills, for fund transfers and even withdraw money from ATMs as well as Beam franchisees. These cards will be rolled out in July/August 2013 by Beam franchisees across the country.
This partnership is expected to benefit MasterCard as well as Beaml. India has more than 850 million mobile users and the potential for growth is tremendous.
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