Foreign exchange outfit Travelex has partnered Monitise on an application that enables its Cash Passport pre-paid card customers to manage their accounts through mobile phones.
Cash Passport is a pre-paid travel money card for holidaymakers and business travellers. From early next year, the 1.75 million cardholders will be able to download an application to their handsets that allows them to check balances, reload the card by mobile and also set up other alerts.
Mark Horgan, MD, cards and mobile payments, Travelex, says: "Mobilising our Cash Passport is a landmark product development step for us. The prepaid travel card market is growing fast, it is essential that we innovate and bring new, value added services to our cardholders."