IPKO, Raiffeisen Bank Partner To Offer Visa Prepaid Cards In Kosova

To move from a cash-based economy to electronic payments

Raiffeisen Bank, an Austria-based financial institution, IPKO, a telecommunications firm, Better Served Kosovo and RevEurope, have partnered to offer Visa Prepaid card in Kosova. The Raiffeisen Bank will issue IPKO Visa Prepaid cards.

Customers in Kosova can use the card to send money in Kosova and abroad, to top up their IPKO mobile telephone accounts, or check their accounts with a simple SMS, without having a need for a bank account.

The card enables consumers to top up their cards to shop online, make purchases in the 28m commercial outlets, where Visa cards are accepted and withdraw money from 1.4m ATM’s globally. Additionally, with e-banking card owners can manage their accounts online at IPKO’s online portal.

RevEurope developed, promotes and provides the distribution and processing platform jointly with Better Served Kosovo for the IPKO Visa Prepaid Card and independently for the Raiffeisen Bank Visa Prepaid Card. Through a global agreement with MPOWER Mobile, a sister company, RevEurope powers the cards integrated YAP mobile service that helps enabling the mobile transfer of money and mobile top-up.

Akan Ismaili, executive director of IPKO, said: “As a domestic company, this has connected Kosovars with one another and rest of the world since 1999, as a part of our mission to lift the living standard by offering opportunities, the launch of the Visa prepaid card gives us an additional satisfaction because we are the first to connect Kosovars to general financial pace.

“Better Served Kosovo and RevEurope are contributing with their bottomless knowledge regarding the alternative payments and consumers, especially to those who are new to financial services and the Raiffeisen Bank is a respected and trusted institution in the whole region”.

Martin Davis, managing partner of Better Served Kosovo, said: “Our combined goal is to make payments more efficient for consumers, businesses and Government’s since Kosova is aiming to move from a cash-based economy to electronic payments.”