Lyca Mobile Expands With the Help of Carta Worldwide

In Digital Transactional Processing, Industry Solutions, Press Releases by Carta Worldwide

Lycamoney’s partnership with Carta Worldwide, Transact Network and MasterCard provides customers with the power of safe electronic spending and budget control.
Lycamoney customers to receive an extra 10% Lyca Mobile credit every time they top-up their mobile using their Lycamoney Card. Lycamoney will not charge a monthly fee, or a transaction fee for spending your own money.

David Carr, VP Product Development at Lycamoney commented, “when selecting partners for this product launch we ran a number of RFI, RFP and RFQ’s and the selection criteria was very specific. In choosing our partners we needed to be confident that their strategy, technical abilities as well as the long term stability that matched our vision. We are very confident that the partners we have selected offer us the best of breed solution available today and will contribute to the success of Lycamoney in the UK marketplace.”

“We offer two distinctive version of the Lycamoney Card, one that can be purchased in thousands of Payzone agent locations around the UK and an upgraded version online that allows cardholders to add multiple companion cards which will enable our cardholders to send money from the main card to any of the companion cards without attracting any fees. The two version of the Lycamoney Card are both intrinsically linked to the Mobile, each transaction triggers a free SMS alert advising the customer of the transaction and the new available credit.

Lycamobile Customers can also interact via a short code for additional functions such as Mini Statement, Lock and Unlock, Balance, Card 2 Card Transfer and top up of their Lycamobile account”

“Aligning the Lycamobile and Lycamoney Cards was a key requirement in the development stage of the product, without this alignment this would have been just another card for consumers to choose from. I believe that what a number of Prepaid Cards have lacked in the UK market is distribution and an awareness of the brand, Lycamobile gives the Lycamoney Card both of these elements in abundance and will be proven a successful product in the years to come” added Carr.

Keith Hobbs European MD at Carta Worldwide said “Carta are delighted to be partnering with Lycamoney and Lyca Mobile in delivering this new prepaid product. The programme provides some unique benefits to Lycamoney customers that are market-leading and of real value. I am excited about the prospects for this product. The Lycamoney prepaid cards are issued by Transact Network Limited, the e-money issuer and authorised and regulated MasterCard principal member.

Kriya Patel, Sales Director at Transact Network commented: “We are delighted to be working with Lycamoney on the launch of these two new excellent card products and we look forward to supporting their expansion into financial products in response to the customer demand.”