LatCard JSC became a principal member of the MasterCard Worldwide international payment system
LatCard JSC is pleased to announce that it has become a principal member of the international payment system MasterCard Worldwide and obtained a license for issue and service of MasterCard® prepaid cards on 25 September 2014. The license allows LatCard to issue MasterCard branded prepaid open-loop cards directly.
The principal member status is assigned only to rapidly growing financial institutions with sustainable indicators, high business reputation and considerable work experience in the card business.
MasterCard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and cheques. In 2013, MasterCard processed 53 billion transactions through its network for its issuer customers in more than 150 currencies in more than 210 countries and territories.