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Friday September 10, 08:59
Virtual banks to be used by convenience sector


(by Ameli Berksman)

Foreign Exchange Prepaid MasterCards can be used now by grocery convenience stores, says Platinum Financial Group.

Platinum is going to give the idea to grocery and convenience stores as up to 80 million people in the U.S. lack a bank account. Far ahead, it expects 12,000 clients within a year from its project.

Those with a smallest of $10 can plunge into a participating retailer to get a Foreign Exchange Prepaid MasterCard as the basis of their virtual bank account, and which can be reloaded infinitely.
More than 1,000 grocery and convenience stores have already Platinum’s program.

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