Africa Leads World in Digital Financial Services Deployments with Prepaid Cards an Important Part of Mix, Says Axiom Prepaid Holdings Reps
Axiom Prepaid Holdings entered African markets last year to support the continent's progressives moves toward financial inclusion - an effort 10 years in the making and still going strong.
NAIROBI, Kenya, June 24, 2020 /PRNewswire-PRWeb/ -- Digital financial services have the power to change lives. That is exactly what is happening in Africa, which now boasts more digital services than any other region in the world, accounting for half of individual users worldwide. One of the tools fueling that surge is prepaid cards, according to representatives from Axiom Prepaid Holdings.
Axiom is a global provider of end-to-end payment solutions that include Mastercard® and Visa® prepaid cards. In addition to consumer cards, it also offers a White Label Program, whereby businesses can generate revenue and improve brand marketing. The company entered African markets last year to support the continent's progressives moves toward financial inclusion – an effort 10 years in the making and still going strong.
"Axiom was founded on the principle of making banking more accessible – for everyone. Africa has that same goal for its people. Our prepaid cards and White Label prepaid card program are fully dedicated to helping individuals, families, farmers and startups who are unbanked or underbanked to be able to participate in the economy and improve their quality of life," said Steven Foster, CEO, Axiom Prepaid Holdings.
Axiom's prepaid card programs are offered via mobile app or physical card – including single use options – and are accepted by millions of merchants in 220+ countries around the world and online. Typical card features include the ability to store and exchange multiple currencies; load funds by direct deposit, bank transfer or check deposit; contactless transactions; spend tracking and on-device statements; peer-to-peer transfers; rewards tracking; and even access to microloans and credit reporting.
Axiom attributes its growth in Africa as much to its advanced tech capabilities as to its financial services expertise. The company prides itself on pushing boundaries in backend functions, security and fraud protections and ensuring regulatory compliance. The company, in fact, invested significantly in system enhancements in 2020.
"Our products and services need to be flexible, user-friendly, reliable and safe. Our customers know they can count on us for all of those things and they also know we listen to their input and use it to continually improve our offerings," added Foster. "We are excited about playing a role in financial inclusion and providing meaningful programs that support that for the long-term."
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About Axiom Prepaid Holdings
As a leading provider of digital payment solutions in Africa, Axiom Prepaid Holdings was started with one goal in mind: To make financial services easier – for everyone. Through the power of digitally-driven end-to-end payment solutions, the company provides prepaid card options for the unbanked and underserved; and white label programs to companies that want to showcase their brands while offering customers and employees alternatives to traditional money management. Today, Axiom has nine offices and conducts business in 20 countries. Every day, the Axiom team is hard at work providing turnkey solutions that help cardholders gain economic freedoms and help businesses achieve success. To learn more about Axiom Prepaid Holdings, please visit: http://www.axiompph.com.
SOURCE Axiom Prepaid Holdings
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