EuroMoney – Deutsche Bank has become the latest global bank to enter the fast-growing market for prepaid corporate cards, which was estimated to be worth close to $80 billion in the US alone last year. The German bank has launched DB corporate prepaid card, developed in conjunction with Cards Prepaid Ltd, for its corporate clients in the European Economic Area to use globally.
Deutsche Bank has launched the DB corporate prepaid card, a pre-funded payment card, which it is promoting as providing a more convenient corporate payment method replacing cash, cheques and vouchers. The card is available to clients across the European Economic Area (EEA) for global use wherever MasterCard is accepted. It is developed in conjunction with Cards Prepaid, a European programme manager specialising in the design and delivery of prepaid card solutions.