Allied Wallet Becomes Licensed MasterCard Issuer
Los Angeles, CA: Allied Wallet, a globally leading provider of online payment processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, was recently granted the privilege to issue MasterCard and Maestro cards in various regions of Europe.
MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied Wallet has been deemed a licensed issuer of MasterCard or Maestro cards, servicing various regions of Europe including the United Kingdom, Germany, France, and Spain.
This issuing license will allow Allied Wallet to issue payment cards to its eWallet members, giving them the opportunity to spend the money saved in their eWallets at any storefront that accepts MasterCard or Maestro.
Allied Wallet advertises their eWallet as a simple means to “receive, send, or spend money.” Users can send money from their eWallet to another or receive money into their eWallet account.
“Allied Wallet has strived to connect consumers and business owners from all over the world, connecting 196 countries and giving them a safe way to transact internationally,” said CEO Andy Khawaja, “and this issuing license will give us an even better way to service our eWallet users.”
Allied Wallet already supports over 100 million users. This issuing license is a large step for the company, but the rewards will benefit Allied Wallet users most. All users in supported regions will be eligible for MasterCard or Maestro card issuing.
This new means of connectivity between a consumer and their money offers a more interconnected relationship between people and their funds, allowing their e-commerce experience to co-mingle with their traditional shopping habits.