The bank has already launched the Western Union Travel Cash Card, a reloadable PIN protected cash card available in euros, US dollars and sterling as an alternative to travelers cheques. The bank intends to create a range of cards targeted at the large unbanked market.
Philippe Dufour, CEO of PrePay Technologies, said, "We have been working with Clydesdale Bank for more than a year to create a number of exciting prepaid card products for the UK and European markets. Prepaid is coming into Europe fast and I am delighted that Clydesdale Bank recognized PrePay Technologies' expertise and knowledge in the field."
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