Sticpay Introduces Prepaid Card
Fintech company Sticpay introduces the prepaid Stic Card for its award-winning e-wallet solution. Sticpay users can now harness the benefits of the Stic Card to withdraw and spend their funds in a fast, cheap, and convenient way.
Unlike competitor solutions, that is available only for the residents of the European Economic Area (EEA), the STIC Card works with UnionPay's international network to feature global access, supporting over 177 countries.
STICPAY is a UK-based digital wallet, which has significant presence not only in Europe but on the Asian market as well – including Japan, China, Indonesia, the Philippines, and Thailand. Unlike its competitors, STICPAY does not restrict or limit access to the STIC Card based on account activity. Instead, all users of the global e-wallet solution are eligible to order the prepaid card from any country around the world, starting with equal chances after successfully verifying the necessary Know Your Customer (KYC) documents.
"By introducing the STIC Card, STICPAY can fulfill the rising demand for prepaid cards, especially in Asian countries, while providing a low-cost, fast, and convenient way for the users of our e-wallet service to spend their balances or withdraw their funds. We treat all our customers equally, that's why we don't restrict access to the STIC Card on the basis of account activity. Customers outside of the EEA region have been missing out on the prepaid card solutions of digital wallet services for a long time. We wanted to end this trend and introduced global access to the STIC Card that features lower account and ATM withdrawal fees than our direct competitors," James Bay, Customer Service Director of STICPAY said.
Every STIC Card has a base currency, daily and monthly spending limits (up to $9,500), as well as an own fee structure for card usage.
UK Fintech STICPAY Sweetens Offering With Prepaid Cards
UK-based fintech firm STICPAY has launched a new prepaid card that incorporates UnionPay’s international network, one of the largest global card schemes. The e-money service provider said the partnership with Chinese giant allows its new product to feature global access to over 177 countries.
STIC Card adds a further layer of convenience to its e-wallet service, which allows both merchants and end-users to transfer funds across borders. UnionPay branded cards also feature less restrictive transaction limits (up to $9,500), as well as offering the only cross-border card payment method outside the currency controls for renminbi. Specific spending limits and a base currency are assigned to each STIC Card which also features different levels of fee structure for card usage.
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STICPAY customers can also leverage the card to withdraw their funds at local ATMs or spend their balances directly from their accounts.
STICPAY does not restrict access to the STIC Card based on account activity and allows all e-wallet users to order the prepaid card from any country. But as a regulated financial entity, it requires potential card holder to pass the necessary Know Your Customer (KYC) verification.
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“By introducing the STIC Card, STICPAY can fulfill the rising demand for prepaid cards, especially in Asian countries, while providing a low-cost, fast, and convenient way for the users of our e-wallet service to spend their balances or withdraw their funds,” James Bay, Customer Service Director of STICPAY said.
Founded in 2018 and then acquired the Financial Conduct Authority e-money license, STICPAY offers a broad ecosystem that includes cross-border transfers, prepaid cards, reward programs on platform.
The company also offers crypto payments in bitcoin, ethereum and litecoin. But with the UK thrashing its crypto regulation into shape, some crypto providers had no choice but to cease operations while the consequences upon related partners will likely be wide-reaching.
A wave of new regulations is introducing stricter requirements for companies operating in the cryptocurrency industry, in particular measures stemming from EU’s Fifth Anti-Money Laundering Directive (AMLD5).
“We treat all our customers equally, that’s why we don’t restrict access to the STIC Card on the basis of account activity. Customers outside of the EEA region have been missing out on the prepaid card solutions of digital wallet services for a long time. We wanted to end this trend and introduced global access to the STIC Card that features lower account and ATM withdrawal fees than our direct competitors,” added James Bay.Payment
STICPAY To Introduce Convenient E-Wallet Withdrawal And Spending With Prepaid STIC Card
LONDON, April 9. Fintech company STICPAY introduces the prepaid STIC Card for its award-winning e-wallet solution. STICPAY users can now harness the benefits of the STIC Card to withdraw and spend their funds in a fast, cheap, and convenient way. Unlike competitor solutions, that is available only for the residents of the European Economic Area (EEA), the STIC Card works with UnionPay’s international network to feature global access, supporting over 177 countries.
Recently, due to the benefits they offer to customers, prepaid cards have experienced increasing popularity. Since prepaid cards are not linked to bank accounts, they provide additional layers of independence and privacy for users. Furthermore, as customers have to deposit funds on the prepaid card in advance, they can prevent overspending while enjoying a high level of control over their budget.
Prepaid card owners can also choose a prepaid card that best aligns with their lifestyle interests. The STIC Card, for example, is highly favored among consumers with online gaming and trading interests.
STICPAY has identified these advantages and decided to launch the STIC Card to add a further layer of convenience to its e-wallet service, which was awarded the Best Digital Wallet of 2019 prize by Payments Awards last year. By featuring reasonable fees than all its major competitors, STICPAY customers can utilize the STIC Card to withdraw their funds at local ATMs or spend their balances directly from their accounts in a low-cost, fast, and convenient way.
Unlike its competitors, STICPAY does not restrict or limit access to the STIC Card based on account activity. Instead, all users of the global e-wallet solution are eligible to order the prepaid card from any country around the world, starting with equal chances after successfully verifying the necessary Know Your Customer (KYC) documents.
“By introducing the STIC Card, STICPAY can fulfill the rising demand for prepaid cards, especially in Asian countries, while providing a low-cost, fast, and convenient way for the users of our e-wallet service to spend their balances or withdraw their funds. We treat all our customers equally, that’s why we don’t restrict access to the STIC Card on the basis of account activity. Customers outside of the EEA region have been missing out on the prepaid card solutions of digital wallet services for a long time. We wanted to end this trend and introduced global access to the STIC Card that features lower account and ATM withdrawal fees than our direct competitors,” James Bay, Customer Service Director of STICPAY said.
Every STIC Card has a base currency, daily and monthly spending limits (up to $9,500), as well as an own fee structure for card usage.
About Sticpay:
STICPAY is a London-based fintech company that features an award-winning e-wallet service. Founded in 2018. STICPAY was awarded the Best Digital Wallet, Best Service in Singapore, and Best Online Payments prizes.
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