Instant Online Money Transfers could Change the Way we Think of Debit Cards

Share Article

Peer-to-peer money transfers are making waves in the prepaid card scene, and Akimbo was one of the first in the water. While most prepaid products provide some ability to send money between cards, Akimbo was the first Visa Prepaid product to allow its cardholders to send money to contacts that don’t yet have the card. Recipients collect by signing up for their preloaded Akimbo Card account and can also process transfers to external bank accounts.

News Image
We wanted to create a prepaid product that was not only useful for everyday purchases, but also could be used as a platform to enable friends and family to send money straight to your wallet.

Money transfers are often a slow and arduous process. Not to mention the fees charged for sending your money. But recent technology developed by Akimbo Financial—a prepaid card company— makes money transfers instant, free and readily accessible anywhere Visa debit is accepted and at ATMs. Akimbo allows cardholders to send money to Facebook friends, e-mail, and text.

As if that weren’t enough, Akimbo’s full service Visa Prepaid card has absolutely no monthly fee. Which makes it a rare species in the prepaid ecosystem.

Akimbo’s Houston Frost said, “Prepaid cards are meant to be cost effective alternatives or companions to traditional bank accounts, and monthly fees don’t fit in with that description. We wanted to create a prepaid product that was not only useful for everyday purchases, but also could be used as a platform to enable friends and family to send money straight to your wallet.”

Peer-to-peer money transfers are making waves in the prepaid card scene, and Akimbo was one of the first in the water. While most prepaid products provide some ability to send money between cards, Akimbo was the first Visa Prepaid product to allow its cardholders to send money to contacts that don’t yet have the card. Recipients collect by signing up for their preloaded Akimbo Card account and can also process transfers to external bank accounts.

Akimbo has even found a way to make shopping more fun. You can attach photos, notes, and ratings to purchases. These are stored with your transaction history and can be shared on Facebook with friends. Want to attach a photo when sending or requesting money with friends? You can do that to with Akimbo’s new iPhone app.
For more information, screenshots and video:

Click here (http://www.facebook.com/akimbocard) to visit our Facebook page.
Click here (http://twitter.com/#!/akimbocard) to check out our Twitter Feed
Click here (https://akimbocard.com/) to go to Akimbo’s website.

ABOUT Akimbo Financial:
Akimbo Financial is a prepaid card program manager based in Austin, TX. The Akimbo Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.

To speak with Houston Frost, please contact Lana Samara with Kambio Group:

Contact:
lsamara(at)kambiogroup(dot)com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Lana Samara
Follow us on
Visit website

Media