Prepaid grows more popular

Prepaid grows more popular Herald Sun
Shoppers, travellers, credit card holders and even parents of teenagers are cashing in on the growing trend.

Datamonitor senior analyst Harry Senlitonga says new research has found that Australians are bigger users of the variety of prepaid cards now available than the British but not as much as the Americans.
'The biggest user of prepaid cards in the US is the illegal immigrant, because they can't open a bank account,' he says.

Senlitonga says prepaid travel cards which can hold multiple currencies on one card have become popular, while major banks are introducing prepaid Visa and MasterCards.