Leading payment solutions provider, allpay Limited, has announced a significant milestone with its Prepaid card programme. In March 2023, the company recorded its largest load and spend for Prepaid cards, totalling an impressive £37.5 million. This milestone highlights the increasing demand for Prepaid solutions and the growing number of people in receipt of support disbursements.
The unprecedented load and spend for prepaid cards signal a rising trend in the adoption of alternative payment methods, particularly in the context of government support programs. With more people relying on financial assistance, prepaid cards have emerged as a secure, convenient, and flexible means of managing funds.
According to gov.uk, the government has also granted a further extension of the housing support fund, highlighting the crucial role that Prepaid cards could play in providing essential financial services. The flexibility and versatility of Prepaid cards make them a preferred choice for individuals and families in need, allowing them to easily manage their funds, make purchases, and access services without the need for traditional banking arrangements.
As a leading provider of payment solutions, allpay Limited remains committed to meeting the evolving needs of individuals, businesses, and local governments. The company's Prepaid card programme continues to be a trusted and reliable option for managing funds, particularly in times of increased demand for support disbursements.
For those looking for a safe and efficient alternative to cash, allpay Limited offers a comprehensive Prepaid solution. To learn more about the company's Prepaid card program, visit https://www.allpay.net/our-solutions/prepaid/.
About allpay Limited
allpay Limited is a leading payment solutions provider based in the United Kingdom. With a wide range of payment services and solutions, including Prepaid cards, direct debits, and online payments, allpay Limited serves individuals, businesses, and local governments across various sectors. The company is committed to delivering secure, convenient, and reliable payment services to meet the needs of its customers.
The allpay Prepaid card is issued by allpay Ltd pursuant to license by Mastercard International Incorporated. allpay Ltd is a company regulated by the Financial Conduct Authority (FRN 900539) for the issuance of electronic money. Head office and registered address: Fortis et Fides, Whitestone Business Park, Hereford, HR1 3SE (Company No 02933191). Mastercard is a registered trademark of Mastercard International Incorporated.
For more information please visit: www.allpay.net