MasterCard, WebMoney and Credit Saison launch Japan’s first MasterCard prepaid card

Zafar Anjum

MasterCard, WebMoney Corporation and Credit Saison have launched the WebMoneyCard, the first MasterCard-branded prepaid card issued in Japan. The WebMoneyCard can be used both online and at physical merchants that accept WebMoney or MasterCard payment cards.

This was announced on May 14.

With the WebMoneyCard, cardholders can make payments at approximately 38.1 million MasterCard acceptance locations in more than 210 countries worldwide. The card can be used for diverse everyday purchases, ranging from apps to payment at restaurants, cafes and convenience stores.

WebMoneyCard is obtainable without credit evaluation and users have control over their spending as the card comes with only pre-loaded amounts.

A smartphone app, WebMoney Card Case, was concurrently launched to enable cardholders to view their card balance and to reload funds online. The app also simplifies reissuance in the event of card loss.

WebMoney is issuing the WebMoneyCard under a MasterCard license owned by Credit Saison. Credit Saison is responsible for card issuance, management of MasterCard transaction data, and management of merchant accounts. This is the first international-brand prepaid card to use this kind of system in Japan.