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Lebara Money Prepaid offers a safe and simple way to send money abroad
Published: 13/04/2011 |
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Lebara, the company well known for its low-cost international mobile call service is once again helping communities stay connected wherever they are in the world with the launch of Lebara Money and a two card prepaid offering.
The Lebara Prepaid MasterCard offers customers a two card facility which enables the sender to transfer money to the friend or family member who is then able to make purchases or withdraw cash anywhere in the world where they see the MasterCard Acceptance Mark.
This product is likely to prove a big hit with the diverse communities within the UK, and will be particularly useful for those without a credit history or bank account, a barrier that excludes many from applying for traditional high street bank debit or credit cards.
Sending money overseas can be a costly and cumbersome exercise if you don’t have access to a bank account, so the Lebara Prepaid MasterCard will fill a gap in the market and allow people to send money to a family member in a safe, convenient and cost effective manner.
The application process is very straightforward and can be completed online in just a few minutes and the cards are then delivered to the customer within 10 days.
It is important that payment mechanisms are made available to all, and innovations such as the new Lebara Prepaid card will ensure that even people unable to open a UK bank account are given the tools and opportunity to be able to manage their finances in an efficient and affordable manner.
Because the card is 100% prepaid, there is no danger of getting into debt or incurring excessive penalties associated with unauthorised borrowing on mainstream financial products.
The initial cost to purchase the two linked cards is £14.90 and until 30th June 2011 Lebara is running a promotion where the cardholder can make 2 free international cash withdrawals per month.
With the card being accepted at over 30 million outlets worldwide and currency transactions converted at competitive exchange rates, there is likely to be great demand for this product.
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