MasterCard and Vincento extend relationship with five year strategic partnership

Prepaid solutions in Europe

The new agreement with e-money solution provider Vincento will focus on providing innovative prepaid solutions to consumers around Europe (view press release). One example of this is that, from March, new Kalixa prepaid cardholders will be able to make payments at MasterCard PayPass ‘Tap & Go’ terminals.

The two companies partnered with LAKS back in November 2011 to develop Watch2Pay, a prepaid contactless wristwatch which can be used to make payments of up to £15 by swiping the watch against the reader.

Matt Lanford, Head of Prepaid at MasterCard Europe explains that “prepaid has become the platform of choice for bringing together cutting edge technology and consumer needs.”

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