Issuing capability through MasterCard
We are delighted to announce that we can now issue prepaid cards on our own e-money license.
Achieving principal membership of MasterCard demonstrates that we have been successful in meeting MasterCard’s qualifying criteria and capability barriers.
There are a number of programmes that we will be looking to launch following this membership. We will also be using our platform technology to roll out a number of new products on our license in areas such as global remittances, prepaid and other specialist payment fields.
Commenting on the MasterCard membership, John Sharman, CEO of Tuxedo Money Solutions said: “This is another notable milestone for Tuxedo as we rapidly expand in territories around the world. By meeting MasterCard’s requirements we have demonstrated our stability as a business and will now be able to deliver our prepaid card programmes more efficiently and at a lower cost.”