Millennials are driving the shift to ‘mobile everything’
As part of a more connected society, Millennials are driving technological changes and making financial transactions more transparent.
By combining the assets of a full suite of prepaid options, we have created a comprehensive fintech services, unparalleled in the Canadian marketplace.
COMBINING PREPAID WITH FINTECH
A mobile wallet can provide a prepaid cardholder with enhanced financial transaction capabilities
The Prepaid card can now operate as a physical card with easy access to the Digital Wallet services
The consumer is provided the best of both services
Almost everyone has a Mobile Device
PREPAID MARKET GROW FROM
THE UNITED STATES
PREPAID MARKET GROW FROM
The European Prepaid market is expected to be US $ 1.8 Trillion dollars in 2022 and the
Global Prepaid market is projected to be US $ 3.7 Trillion by 2022.
Government uses for Prepaid
(Elimination of Cheques)
Social Welfare Payments
Aboriginal Support Payments
Crisis Support Payments
Temporary Family Assistance
City of Toronto
The first ever North American government prepaid card replaced the high cost of issuing cheques.
City of Toronto staff were easily able to instantly issue, personalize, load and activate the prepaid cards.
These Ontario Works residents were able to recieve their funds on an EMV and PIN prepaid MasterCard with text messaging for balance and transaction inquiries.
Province of Alberta
Provided Alberta residents affected by natural disasters with emergency funds through a prepaid MasterCard.
Covered the 2013 floods and 2016 wild fires.
Cards were handed out at sites close to the affected residents.
The cards were registered, activated and loaded with funds on site.
- The funds loaded on prepaid cards and wallet are held in the Bank Trust accounts
- These funds can only be used to make payments and will remain the property of the Digital wallet and or prepaid Card consumer
- These funds are 100% secure
- Social welfare payments
- Aboriginal support payments
- Crisis support payments
- Educational assistance payments
- Temporary family assistance
- Pension payments
- Peer to peer money transfers
- Domestic and international money remittance
- Make direct bill payments
- Purchase travel and entertainment tickets
- Earn valuable loyalty rewards
Financial Compliance Coverage
Fintechunion’s digital wallet and money remittance will be goverened by FINTRAC (Financial Transactions and Report Analysis Centre of Canada) which regulates the Wallet and Money Remittance Services of Canada
Secured segregation of funds is a founding principle of Fintechunion
Full compliance with privacy laws and the colletion, use and disclosure of personal information.