rePower launched by MasterCard and CQR Payment Group

Partnered CQR Payment Group

MasterCard and CQR Payment Group have partnered up to deliver a new cash reload service to customers (view press release.) The service, rePower, launched on Friday 7th December, allows users to add cash on to their Mastercard or Maestro cards. Cardholders have the choice of two simple ways to add cash, either by voucher or cash payment, and the funds are available immediately. Vouchers can be redeemed online, and cash payments can be made at the sale terminal of any participating retail store, of which there are thousands.

CEO of CQR Payment Group, Edward Chandler, said: “Cash is costly, inconvenient and insecure for consumers, businesses and the wider economy. By enabling the quick and easy conversion of cash into prepaid funds we are helping to drive cash out of the circulation. MasterCard rePower is an enormous step towards creating a cashless society that is smarter, simpler and more secure for everyone.”

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