Latest news with #prepaidCard
Finextra
3 days ago
- Business
- Finextra
AllPay launches Dosh prepaid card in the UK
Dosh, a prepaid Mastercard® account backed by allpay Limited and its 30-year public sector heritage, removes common barriers to entry, such as rigid ID and address checks, offering a more inclusive route to financial services for people often left behind by the mainstream, from those new to the UK to individuals in temporary housing. 6 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In a market entrenched with surprise fees, gimmicks, bureaucracy, and barriers, DOSH arrives as the fintech challenger the unbanked have been waiting for. Backed by allpay's 30-year legacy of powering public sector payments, DOSH is a UK-focused prepaid Mastercard® account that upends banking norms with flexible ID options through its 'Vouch For' onboarding, alongside transparent pricing, financial literacy tools, and real UK-based human support. 'Traditional banks have built walls for the unbanked, DOSH's mission is to build bridges. We've created a fairer way to access financial services, designed for real life, not red tape. Whether you're paid in cash, don't have a standard ID, or just want a clearer way to manage your money, DOSH has been built to give you control, clarity, and confidence as your first step towards financial stability, all backed by allpay's three decades of trusted public service,' says Michelle Pacey, Managing Director of allpay. The Problem? In one of the world's leading economies, nearly one million people still live without access to a bank account. Across the EU, 13 million more are unbanked - relying on cash, costly credit, or informal workarounds just to get by. Without access to basic financial services, everyday tasks like paying rent, receiving wages, or building credit become significantly harder, deepening financial vulnerability. The unbanked in the UK are often among the most vulnerable, these include people experiencing homelessness, recent migrants, those in low-paid or unstable work, and individuals who lack the forms of ID or proof of address that traditional banks demand. For these individuals, being unbanked isn't just an inconvenience; it's a barrier to everyday life. It means struggling to receive wages or benefits, pay bills securely, or participate in the digital economy. This gap in access deepens inequality and leaves many stuck in cycles of poverty, excluded from the tools that help others build resilience and move forward. The DOSH Solution DOSH exists to challenge this norm, created not just as an alternative to mainstream banking but as a response to the systemic issues that keep people locked out of it. Designed to break down the real-world barriers that keep people unbanked. With flexible ID options, including the ability to be vouched for, and a fast, paperless sign-up process, it removes the red tape that often blocks access. Clear, jargon-free fees and instant transaction alerts build trust and financial confidence, while nationwide Post Office access will ensure cash-in and cash-out remain easy. Most importantly, DOSH puts its customers in control, from budgeting tools to real human support, it is a genuine first step towards financial inclusion and independence. Why It Matters Without access to a basic bank account, millions end up paying late-payment fees, falling into arrears, or resorting to high-cost credit. DOSH helps you build reliable payment habits and a strong money history, turning day-to-day stress into confident, future-focused planning. 'DOSH isn't just a product, it's a mission,' says Tony Killeen, allpay's Founder and Entrepreneur. 'It's the result of everything we've learned in 30 years of serving the public sector. We're building a platform that gives the most vulnerable dignity, access, and a path toward financial stability.' Availability & Next Steps DOSH launches across the UK later this year, with early-access and beta registration open now
Finextra
27-05-2025
- Business
- Finextra
Volante Labs launches Web 3 prepaid card for slary payments
Volante Labs Limited, under the leadership of CEO Joey Bertschler, has officially launched the Volante Card, the world's first Web3-enabled prepaid card designed specifically for salary disbursement—no traditional bank account required. 0 Designed to serve billions of unbanked individuals globally—and to offer a cost-effective alternative in regions affected by inflation or unstable local currencies such as the Vietnamese Dong or Japanese Yen—the Volante Card provides a secure, seamless, and compliant solution for both employers and workers. In both developed and emerging markets, the card enables real-time, borderless salary payments, backed by enterprise-grade security and Earned Wage Access (EWA) integration. 'We designed the Volante Card to redefine global payroll—faster, safer, and more inclusive,' said Joey Bertschler, CEO. 'By combining blockchain, AI, and Tier 1 infrastructure, we've built a system that delivers financial flexibility and access to the people who need it most.' Key Features: Bank-Free Payments: Direct employer-to-employee transfers—no intermediaries Multi-Currency Support: USD, EUR, CNY, JPY, and USDT stablecoins Enterprise Security: MV3D Secure, tokenization, and AI-driven fraud detection High Deposit Limits: Up to $1 million with unrestricted usage Regulatory Assurance: Issued via Tier 1 VISA-certified institution AI-Driven Earned Wage Access Volante's card supports on-demand wage withdrawals. Employee eligibility is verified using proprietary AI systems. Built by OpenAI and Opera Veterans Joey Bertschler, Alan Simon, Valerias Bangert and their Japanese developer team, the card reduces the need for payday loans while increasing satisfaction and retention and overall employee productivity and with it employer revenue. To note: Last quarter, Volante released the most extensive EWA research report with thousands of sources and centered on profitability for both employers and employees on Business Wire. Token Growth and Listings The VOL token is currently listed on BTSE (March 27) and BingX (April 28), where it reached a valuation 50x above its initial offering. Volante is actively expanding exchange coverage and forming institutional partnerships.
