Democratic Republic of Congo’s BIAC has launched the Heyano MasterCard Prepaid card. The new card is aimed at BIAC’s existing customers and those citizens who currently do not have a bank account or access to financial services.
According to estimates from the Central Bank of the DRC last year – just six percent of the country’s citizens currently use a bank or other formal financial services. The launch of the Heyano Prepaid card is therefore a significant step in extending financial inclusion to those citizens who currently do not have access to financial services.
Heyano Prepaid cards are versatile, convenient and are accepted at millions of retail locations and ATMs worldwide, wherever MasterCard products are accepted. They are an ideal payment alternative to cash as they offer an easy, convenient and safe way to pay goods and services. They have globally recognized security features such as an EMV-chip on the card to assure cardholders of quick and secure access to their money whenever they need it.
Heyano Prepaid cards function just like an electronic wallet, eliminating dependence on cash. Cardholders will be able to withdraw cash from ATMs displaying the MasterCard logo, pay for goods at till points in shops, transfer money from one card to another and make international money transfers.
Cardholders are able to safely reload money onto their Heyano Prepaid card when funds are depleted. The card can furthermore be used to make bill payments and to top-up prepaid mobile phone accounts.
To meet the needs of BIAC’s extensive customer base including employees, executives, students and pensioners, the Heyano Prepaid card can be used for a number of purposes. For example, it can be used by employers and employees as a “wage” card where wages are preloaded onto the card. This offers cardholders more security when transacting in the country and abroad.
It can also be used as a student card as funds can be preloaded by the student’s family at any time during the year, financially empowering them to manage their finances throughout their studies. Pensions can be securely loaded onto the Heyano Prepaid card, which means pensioners won’t be vulnerable when they collect their money each month, and they don’t need to worry about carrying cash to and from the shops.
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