NatWest, the main UK retail banking
subsidiary of Royal Bank of Scotland, has teamed up with leading
mobile telecoms operator O2 with the roll out of two pre-paid cards
under the ‘O2 Money’ brand. The launch is part of a major push by
O2, owned by Spanish telecommunications giant Telefonica, into
consumer payments and banking.

Dubbed ‘Load & Go’ for the youth market
and ‘Cash Manager’ for adults, both cards are Visa branded and can
be used almost anywhere that accepts Visa within the UK and abroad,
as well as online, and will only be available to O2 customers.
Customers will receive SMS text alerts with an account balance when
they make a payment.

“These cash cards are the first step on the
road towards a more advanced mobile banking service, and the closer
alignment between mobile phones and payment technology,” said Helen
Page, managing director of marketing and innovation at
NatWest.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.