Japan: MasterCard and WebMoney launch prepaid card dubbed WebMoneyCard

Thursday 29 May 2014 10:56 CET | News

MasterCard, together with WebMoney, a Japanese electronic money and online payment system, and Credit Saison, a Japanese financial services company, has launched WebMoneyCard, a MasterCard-branded prepaid card issued in Japan.

The WebMoneyCard can be used both online and at physical merchants that accept WebMoney or MasterCard payment cards. Cardholders can now make payments at approximately 38.1 million MasterCard acceptance locations.

WebMoney is issuing the WebMoneyCard under a MasterCard license owned by Credit Saison. Credit Saison is responsible for card issuance, management of MasterCard transaction data, and management of merchant accounts.

A smartphone app dubbed WebMoney Card Case was also launched, to enable cardholders to view their card balance and to reload funds online.

In recent news, following recent major data breaches, Visa and MasterCard are trying to drive the adoption of microchips into US credit and debit cards.

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Keywords: Japan, MasterCard, WebMoney, prepaid card, WebMoneyCard, cards, online payments
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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