Mondopolitan, Inc., an international provider of debit and credit cards to
emerging markets announced the commencement of the construction of its own
state-of-the-art financial transaction processing facility to be
strategically located in Hong Kong with a sub-facility in Nassau.
Mondopolitan plans to streamline its stored value technology product and
begin the interconnection of the processing platform to worldwide ATM and
POS networks for convenient global cash access. Projects offering stored
value virtual accounts to the high risk e-commerce industry are underway
which would greatly eliminate the chargeback problems faced by the industry
today, meanwhile offering the account holder secure access to their funds
when needed through conventional financial transactions.
Mr. J. Louis Zabaleta, CEO states, “Our plans for this new processor will
allow us to experience exponential growth worldwide in the debit card
market by allowing us full control of our transaction, card issuing and
Mondopolitan, Inc., through its majority owned subsidiary MondoCard, Ltd.
and global banking partners, provides MasterCard, Maestro, Cirrus and other
private network based global debit and credit cards to emerging markets.
These innovative products are held in U.S. dollar denominated accounts,
which will benefit millions of consumers and businesses around the globe
who are subject to volatile currency fluctuations. MondoCard products offer
convenient global cash access to consumers and corporations around the
world. The products also enable the cardholders to coordinate global cash
access with relatives, independent contractors or employees anywhere in the
world at virtually no cost.