Ryanair inaugurates prepaid Mastercard
25-Nov-2008 |
Airline Code [RYR]
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Tags :UK, Ryanair, Mastercard
Ryanair launched (24-Nov-08) Ireland’s first prepaid MasterCard service which will allow users to make purchases in shops, restaurants and online. The programme, which is unlike other prepaid services which are limited to online use, is in partnership with MCube Media and An Post, and is available through www.ryanairprepay.com.
The card does not require credit checks or a bank account. Ryanair Prepay, which costs EUR85 and attracts a reduced stamp duty rate of just EUR10 (compared to EUR30 for traditional MasterCard and Credit card products), allows users to place credit on their MasterCard through An Post, online or via mobile phone.
Ryanair’s Sinead Finn said:
“Ryanair revolutionised the way people purchase airfares with 95% of our guaranteed lowest airfare purchased online. However, we recognise that not everyone wants, can get access to, or trusts themselves with a credit card. Today we launch Ireland’s first ever prepaid MasterCard programme. Our new MasterCard will allow everyone to carry a card which is accepted not only online, but also for traditional purchases in shops and restaurants. The application process is simple, the fees and charges are clear and for a new customers can pick up four free flights and a host of other great discounts and benefits by taking advantage of this service.
The Ryanair prepaid MasterCard gives customers a fantastic opportunity to own a MasterCard without credit checks or even having a bank account. It is ideal for those who want to control their finances, or who want to provide a loved one with a MasterCard which they can control. Best of all – it will allow more people to access Ryanair’s guaranteed lowest airfares without having to ask friends or family for use of their card.”
CEO of M-Cube, Mr. Mashallah H.M.Ali comments:
“Throughout the current financial struggle, consumers are noticeably feeling the pinch and are of course very cautious of spending.
“The membership portal can be utilised to manage personal spending budgets conveniently; with points and rewards easily accessible via the personal member pages. We’re confident this new product will really make a difference to many people’s shopping habits.”
(c) Centre for Asia Pacific Aviation. Date posted: 25-Nov-08
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Ryanair inaugurates prepaid Mastercard 
