Panamanian Firm Launches Prepaid Business Card

By MasterCard Worldwide

Published May 21, 2009, 1:00 a.m. EDT

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Updated May 21, 2009, 12:00 a.m. EDT

1 Min Read

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Panama-based Epay Inc., which sells online payment and funds-transfer services, said this week it had launched a prepaid card service designed for businesses. The MasterCard-branded cards enable businesses to avoid foreign-exchange conversion fees, the company says, adding such fees can cost 3% per transaction. The cards cost US$4.99 each (3.60 euros), and can be loaded with up to US$10,000, the company says in a statement. Companies can use the card for a variety of transactions and payments, including pensions, travel, remittances, and mirco loans, Epay says.

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