Mondo selects Wirecard as their prepaid card issuer / High-tech banking app with contactless debit card / Real-time data to allow budgeting

DGAP-Media / 02.02.2016 / 08:45

Aschheim (Munich)/Newcastle. Wirecard Card Solutions Ltd, a Wirecard Group
company, is card issuer of the new Mondo Card. The Programme Manager Mondo
has recently launched its general spend MasterCard prepaid debit card
programme in the UK. Mondo is a London FinTech start-up introducing their
innovative branchless banking product to UK customers. Currently the
iOS-based Mondo app Alpha version is being distributed to invited customers
from the 30k strong waiting list. Wirecard has partnered with Mondo to
provide a physical MasterCard prepaid debit card linked to the banking app.
The card allows users to load money onto the card and to spend it in retail
and online shops as well as at ATMs. The Mondo card also works with
Near-Field-Communication (NFC) technology at contactless terminals.

"Mondo's entire experience is designed around your smartphone. We are
targeting a demographic that values being able to do everything over a
mobile phone in five seconds", says Tom Blomfield, CEO and founder of
Mondo. "We're so excited to have launched our product, with the help of
Wirecard, within the first year."

"As the payment sector continues to evolve with consumers demanding more
innovative and convenient ways to manage their money, Wirecard are proud to
be supporting Mondo's card programme. With their unique mobile application,
consumers can map, monitor and track their spending like never before",
said Brian Lawlor, Director of Sales and Business Development at Wirecard
Card Solutions.

Customers download the Mondo app and register their details. The Mondo card
is given out for free, and customers will purchase the first £100 worth of
credit balance by paying with their existing debit card via a "purchase"
screen in the app. The cards can then be topped up simply and quickly by
charging the card details entered during the initial signup process. Mondo
helps customers manage their money through instant push notifications
triggered by card spending. Timely alerts keep customers informed and in
control of their finances whilst real time notifications give customers
more visibility as they can see what they are spending and how much they
have left. Mondo has no transaction or ongoing fees to reflect the expected
fee structure of the final banking product.

Wirecard Media Contact:
Wirecard AG
Maren Brandt
Tel.: [phone]
Email: [e-mail]

Wirecard Card Solutions Limited
Annelleise Miles
Tel.: [phone]
Email: [e-mail]

About Wirecard Group:
Wirecard AG is a global technology group that supports companies in
accepting electronic payments from all sales channels. As a leading