CellPay Launches ZivoMoney Prepaid Visa Card With Same-Day Apple Pay and Google Pay

Product / TechM&A · Partnership
โดย ACCESS Newswire·US·Read original
Summary · why it matters

CellPay, the Stafford, Texas-based payments platform behind more than $1 billion in processed transaction volume across 1,000+ retail locations, launched the ZivoMoney Single Load Visa Prepaid Card, a cash-purchased prepaid card that can be added to Apple Pay and Google Pay the same day it is bought. The card requires no bank account and no credit check, is accepted anywhere Visa debit cards are accepted in the United States, carries a single load of up to $999.99, is non-reloadable, and offers no ATM withdrawals, with fees varying by participating retailer and disclosed before purchase. CellPay says the product targets the roughly 5.6 million U.S. households with no bank account and the about 19 million households that hold an account but still rely on nonbank financial services, citing the FDIC's most recent National Survey of Unbanked and Underbanked Households. ZivoMoney also ships with an API that lets retailers, marketplaces, and fintech platforms issue wallet-ready prepaid cards to their own customers without building a card program from scratch, a capability Chief Operating Officer John Lim described as opening up the rails. Berkeley Payment Solutions serves as program manager, and the card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.

Impact on stocks 1

Digital Finance & Tokenization · 1 stocks
Visa Inc. Class A
V
▲ PositiveDemandrelevance

ZivoMoney prepaid card is issued under a Visa license and accepted anywhere Visa debit cards are accepted, expanding Visa's prepaid transaction volume.

Theme Impact 1

Off-coverage companies 3

CellPayPrivate▲ Positive
Technologyrelevance

CellPay launched the ZivoMoney Single Load Visa Prepaid Card with same-day Apple Pay/Google Pay and an API for retailers and fintechs to issue wallet-ready prepaid cards.

Berkeley Payment SolutionsPrivate▲ Positive
Demandrelevance

Berkeley Payment Solutions serves as program manager for the ZivoMoney prepaid card launch.

Sunrise BanksPrivate▲ Positive
Demandrelevance

Sunrise Banks, N.A. is the issuing bank for the new ZivoMoney prepaid card program.

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