FNDS3000 Corp Reports Pre-Paid Microfinance Card Program Is Gaining Momentum in South Africa

FNDS3000 Corp Reports Pre-Paid Microfinance Card Program Is Gaining Momentum in South Africa - Finance Industry Today - News Media Monitoring
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today issued an update related to its prepaid microfinance card program currently being offered to micro-lending institutions in South Africa, which provide small business and personal loans to business owners and individuals.

As addressed in prior announcements, the Company began providing this new service offering with several reputable microfinance companies earlier this year. As one of many prepaid programs supported by FNDS3000's processing platform, its prepaid microfinance card program provides accredited South African micro-lending institutions the means to provide loans safely and securely while eliminating costs associated with cash processing and administration. Through the issuance and activations of FNDS3000's microfinance cards, cardholders can access loaned funds, pre-loaded onto the branded prepaid card by the micro-lender, on a 24/7 basis simply by using an ATM. Further, cardholders can use the prepaid cards wherever MasterCard is accepted to make purchases, pay bills, book travel, and the like, to better operate their businesses or address their personal financial needs.