Prepaid cards for housing associations

Housing associations are increasingly turning to prepaid cards to pay out funds for staff expenses, repairs and incentives to customers, while many residents currently use them to pay utility bills.

The Government is exploring the role of prepaid cards for Universal Credit as a way of paying out benefits to individuals who don’t have a bank account or those who need additional support moving to the new system of direct payments.

The cards function like debit cards, whereby funds are loaded onto a card and can be spent in shops or online.

If Universal Credit funds were put onto these, a portion could be ringfenced and allocated only for rent – reducing the risk of arrears. They could also be used for those beginning to live independently e.g. where the cards could be used to teach budgeting skills.

Your housing association can use a prepaid card for:

  • Universal Credit (unbanked tenants)
  • Petty cash replacement
  • Travel and expenses
  • Maintenance
  • Staff expenditure
  • Decorating allowance

Benefits for you and your customers...

For you:

  • Saves money
  • Saves time
  • Supports financial inclusion initiatives
  • Tightens control
  • Improves security
  • Fully tailored around your needs
  • Strengthens your organisation's identity and customer loyalty
  • No major IT system developments required
  • Improves customers satisfaction

 For your customers:

  • Immediate access to funds
  • Greater convenience
  • Financial inclusion
  • Safe
  • Quick and easy
  • Enhanced customer service

We'd like to show you, first hand, how The allpay Prepaid Card can benefit your housing association. You can book a demonstration now by completing the below form!

Book a demonstration

(If you're a human, don't change the following field)
Your first name.
This card is issued by PrePay Technologies Ltd pursuant to license by MasterCard International. This card is an electronic money product. The electronic money associated with this card is provided by PrePay Technologies Ltd, a company regulated by the Financial Conduct Authority (FRN 900010) for the issuance of electronic money.
The Prepaid Mastercard Card from allpay is issued by R. Raphael & Sons plc, pursuant to license by Mastercard International Incorporated. Mastercard® is a registered trademark of Mastercard International Inc. Raphaels Bank is a UK Bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registration number 161302) and is permitted to issue e-money. Head office and registered office at 19-21 Shaftesbury Ave, London W1D 7ED, company registration number 01288938.