Romanian Raiffeisen Bank and RevEurope launched first prepaid debit card

Raiffeisen Bank and RevEurope performed at Romania's emerging prepaid card market with the launch of the Raiffeisen Bank Visa Prepaid Card, the only prepaid card to allow Romanians to send money domestically from their mobile phones and the first prepaid debit card on the Romanian market issued by a banking institution. Consumers can find the card at select Raiffeisen Bank branches in Bucharest. Soon Raiffeisen Bank will extend the card's availability beyond its branch locations to merchants, giving retailers the opportunity to participate in Romania's fast-growing financial services market. The Raiffeisen Bank Visa Prepaid Card was designed for young and cash-based Romanians who are online and gives cardholders the freedom and security of spending with electronic currency. Customers who buy and load cash on the card can shop online, make purchases anywhere Visa debit cards are accepted, withdraw cash from ATMs worldwide and use the integrated YAP mobile service to send money domestically to friends and family or check balances from their mobile phones with a simple text message. Razvan Munteanu, Raiffeisen Bank's Retail Division Vice-President said: "Raiffeisen International Group and RevEurope are collaborating to bring advanced payment solutions to the markets where we operate, starting with Romania. We're proud to introduce another innovation in the banking market with the Raiffeisen Bank Visa Prepaid Card, a pioneering product that will benefit many consumers seeking a flexible, safe and accessible cash alternative."