Netmoney are a new UK start up, created as a result of extensive research of the international money remittance market. Their vision and mission is to provide a simple, cost effective method to allow residents of the UK to remit money back home.
Why do they need a prepaid solution?
Netmoney researched the options for money remittance; they found it to expensive and cumbersome. A prepaid card allows money to be loaded to the Primary Card via bank transfer, debit card and cash (via PayPoint) – the Primary Cardholder simply selects the Companion card that they wish to transfer funds to, enters the amount and at the press of a button, the transfer is made in real time – quick, easy and simple.