FinTech Options Open Opportunities for Consumers and Businesses in Africa, According to Axiom Prepaid Holdings Experts
Where voids in financial services exist, Axiom Prepaid Holdings is fast on the scene to provide options. The company was launched two years ago with the straightforward goal of helping provide economic freedoms to consumers and business alike via digital payment options: specifically, prepaid cards.
NIGER, Africa, June 2, 2020 /PRNewswire-PRWeb/ -- Where voids in financial services exist, Axiom Prepaid Holdings is fast on the scene to provide options. The company was, after all, launched two years ago with the straightforward goal of helping provide economic freedoms to consumers and business alike via digital payment options: specifically, prepaid cards. The company entered African markets last year to help fill the gaps in products available to the unbanked and financially illiterate as well as companies seeking to provide digital payment opportunities to customers and employees.
Axiom is a global provider of end-to-end payment solutions that include Mastercard® and Visa® prepaid cards. In addition to consumer cards, it also offers a White Label Program, whereby businesses can generate revenue and improve brand marketing.
"Axiom has expanded its reach in Africa to support financial inclusion for those who are unbanked or underbanked and to provide a sales and marketing opportunity to businesses," said Steven Foster, CEO.
According to Axiom experts, as Africans becomes less reliant on cash as a primary source for payments, society as a whole benefits from products like prepaid cards by helping entrepreneurs access funds to launch businesses and assisting low-income individuals in better support themselves and their families and invest in otherwise unavailable options like higher education.
Likewise, many companies are opting for White Label Programs that allow them to put their logo on a prepaid card to generate revenue, increase visibility and customer loyalty, or both. The custom programs are a meaningful way to pay commissions, reward loyalty, and distribute compensation to their own customers, agents and affiliates. The programs also offer a cost-effective alternative to traditional corporate payroll programs and investment advisory services.
Axiom's prepaid card programs are offered via mobile app or physical card – including single use options – and are accepted by millions of merchants in 220+ countries around the world and online. Typical card features include the ability to store and exchange multiple currencies; load funds by direct deposit, bank transfer or check deposit; contactless transactions; spend tracking and on-device statements; peer-to-peer transfers; rewards tracking; and even access to microloans and credit reporting. Fraud protection and alerts and backend security functions are part of what make the cards popular.
Axiom says it expects its footprint in Africa will continue to grow in response to the need for digital payment options like its Mastercard and Visa prepaid cards as the march toward overall financial inclusion continues.
About Axiom Prepaid Holdings:
Axiom Prepaid Holdings was started with one goal in mind: To make financial services easier – for everyone. Through the power of digitally-driven end-to-end payment solutions, the company provides prepaid card options for the unbanked and underserved; and white label programs to companies that want to showcase their brands while offering customers and employees alternatives to traditional money management. Today, Axiom has nine offices and conducts business in 20 countries. Every day, the Axiom team is hard at work providing turnkey solutions that help cardholders gain economic freedoms and help businesses achieve success. To learn more about Axiom Prepaid Holdings, please visit: http://www.axiompph.com.
SOURCE Axiom Prepaid Holdings
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