Tuesday, February 10, 2009

Leading French Hotel Group Partners with MasterCard

According to this article on Forbes, MasterCard and the French hotel and services group Accor has partnered to create a prepaid venture in Europe.

The joint venture plans to offer services for contract workers without bank accounts, credit cards for companies to help better manage employee expenses, and gift cards for coffee shops. The European prepaid sector is estimated to be worth 130 billion within five years and this partnership plans to take at least five percent of this sector. Do you think that this is feasible?

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