6/22/2010 3:53:00 PM
Phones 4u launches debit card for travel
Phones 4u company EZ Pay, which has created a portfolio of debit cards, has added to its range for customers travelling abroad.
The ‘Escape Travel money card’ allows customers to put money on the cards in Phones 4u stores and through BACs when they feel the exchange rate is best. Customers can use the card to buy and withdraw cash from ATMs for free.
The card costs £9.99 and comes with a free Truphone Sim card, loaded with £5 of credit.
EZ Pay Ltd managing director, Paul Smith (pictured), said: ‘It’s astonishing how many people in the UK do not financially prepare for their holiday appropriately. Just over a third of the nation have at some stage been left ‘high and dry’ financially when abroad due to banking issues, theft, loss or mis-budgeting problems, and this rises to almost half of younger adults aged 25-34 years old.
‘Prepaid debit cards are proving increasingly popular with consumers, for example at EZ Pay we have sold over 150,000 in the last six months alone, and we have no doubt that the Escape Travel Money Card will prove equally, if not more, successful. We are confident that it will go quite some way in revolutionising the way we spend on holiday.’
A year ago, Phones 4u launched two pay-as-you-go debit cards aimed at teenagers and migrant workers in the UK.