MasterCard has launched its rePower service, which lets people convert their cash into electronic money on a pre-paid account, in the UK.
It looks like rePower can sort of replace having to go to
your bank in order to deposit your cash. It is a handy development that could potentially make local stores a way of dispensing your cash in a secure manner. It would be fantastic if you could also transfer your funds from a rePower account, to any other
bank account, via mobile or computer.
© Finextra Research 2013