London, United Kingdom (PressExposure) June 27, 2009 -- In a recently launched initiative, subject matter experts at Prepaid365 researched prepaid cards across the entire UK market in order to find the best prepaid card in different categories such as Money Transfer, Travel, Payroll, Gaming, General Spend, Online Shopping and Youth.
Aashish Sharma, Operations Director at Prepaid365, stated "The object of the awards is quite simply to recognise quality providers from across the prepaid spectrum. There are close to a 100 open loop prepaid cards in the UK market and numerous closed loop gift cards as well. At first glance, one could argue that they all seem to offer the same proposition and it is difficult for consumers to dig deeper to find the best prepaid card for their purpose.
Hence, we came up with the Prepaid365 awards. The aim is to highlight products that truly offer best in category service. We shall be doing this on a quarterly basis and the aim is to demystify prepaid cards from the consumer perspective and hand out the awards on merit, completely free from any commercial bias."
Big winners in the first edition of the Prepaid365 Prepaid Card awards were â¢ Cashplus Prepaid Card - Best General Purpose, Best Unbanked Prepaid Card. â¢ Splash Prepaid Card - Best Youth, Best Privacy Prepaid Card. â¢ Caxton FX Prepaid Card - Best Travel Money Prepaid Card. â¢ White Eagle Prepaid Card - Best Money Transfer, Best Payroll Prepaid Card. â¢ Neteller Prepaid Card - Best Gaming Prepaid Card. â¢ Eclipse Prepaid Card - Best Internet Shopping Prepaid Card. â¢ Babee Card Prepaid Card - Best Prepaid Giftcard. â¢ First Data - Best Large Business Prepaid Card Provider. â¢ Prepaid Financial Services - Best Small Business Prepaid Card Provider.
Aashish further stated that âIt would be fair to say that the prepaid card industry in the UK is still in its infancy and there is a collective responsibility on regulators, providers and consumers to drive prepaid innovation and deliver the promise of prepaid cards. Prepaid cards are evolving and as consumer education improves, so will consumers demands. The pressure on prepaid card providers is also increasing to push costs down, increase product attractiveness to deliver an altogether better consumer proposition.â
Notes to editors: Prepaid365 is the UKâs leading prepaid card comparison site providing reviews and comparisons of prepaid credit cards for businesses and consumers in the UK and a comprehensive FAQ section. . Review and compare cards for Money Transfer, Travel, Gaming, Shopping, Payroll & Expense management, Privacy, Gifting and Business. For further information, please contact: Prepaid365 press team on â¢ Email: firstname.lastname@example.org â¢ Site: http://www.prepaid365.com