London Southside Chamber of Commerce

Phone: 020 8677 6719

Wednesday, February 15, 2017

AFEX launches a multi-currency prepaid MasterCard

AFEX, one of the world's largest non-bank providers of global payment and risk management solutions, has launched the AFEX CurrencyPass Prepaid MasterCard.

This unique solution combines a multi-currency prepaid MasterCard with an online platform to manage corporate expenditure. It comes with 14 currencies, all of which can be loaded to one card, and with no exchange rate fee the card saves users the costly commissions, spread and charges imposed by traditional credit, debit and prepaid cards.

Industry data reveals that in 2014, British employees made 6.7 million business trips abroad, spending £4.4 billion in travel expenses.  If spent on credit or debit cards you would see fees in circa £100m, by comparison if spent on the AFEX CurrencyPass it would generate fees of circa £22 million, a genuine saving of circa £88 million on the same annual spend.  The card is the smart option for all companies looking to reduce costs and improve their bottom line. 

To find out more about the AFEX CurrencyPass or to apply then please contact Heather Ribbans, Head of Prepaid Cards, direct, e: hribbans@afex.com or call t: 020 7004 3846.

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