Orange is launching the UK’s first major contactless prepaid MasterCard, called Orange Cash.
The prepaid card, aimed at helping users control their spending, is a secure alternative to carrying around cash. It can be used in over 30 million locations that accept MasterCard within the UK and abroad, as well as online.
The announcement follows the launch of the Orange contactless credit card in 2010 and this year’s roll out of a commercial contactless mobile payments service.
The Orange Cash prepaid card costs £5 and can be loaded up to £5,000.
The card is also aimed at students who want to manage their spending and for holidaymakers who want a hassle free, safe alternative to cash.
Orange Cash prepaid cards can be loaded with money at over 22,000 shops and petrol stations across the UK with the PayPoint logo, at 12,000 Post Offices, over 450 Orange retail stores and online on the Orange Cash website.
Contactless technology allows customers to pay for purchases of £15 and under without the hassle of loose change.
The Orange Cash card is also the UK’s first prepaid card to be offered with rewards that can be used on the customer’s pay-as-you-go phone. One Orange prepaid reward point is earned for every £1 spent. Customers can redeem their rewards online for free texts, airtime, credit on Orange pay-as-you-go phones or vouchers for use in Orange shops.
Orange Cash also helps customers manage their money securely from their mobile while on the move. After registering their card, customers can access the main features of their Orange Cash account from their mobile to keep up to date on any transactions. In addition, Orange pay-as-you-go customers can manage their account just by texting 311. It’s also easy to top up an Orange pay-as-you-go phone from the Orange Cash account, while funds can also be transferred between Orange Cash cards.
Orange VP of propositions Pippa Dunn said: ‘We’re excited to be launching such an innovative product for UK consumers in the financial services space. With Orange Cash, users will not only benefit from the convenience and control our new contactless prepaid card will offer them, but the unique ability to collect and redeem rewards against future Orange products and services – helping them make their money really work for them each time they spend.’