Based on an SMS and voice biometrics callback functionality, VoiceCash currently enables mobile phone users to transfer funds and make payments in real time. It has recently issued the first prepaid MasterCard Twin-Card for the German market. The two prepaid cards work in tandem to enable the transfer of money internationally, allowing one family member to transfer money to another.
VoiceCash Bank is planning to launch a salary card looking to address the needs of the migrant workers dependent on prepaid cards in the Middle East. As many of these do not have bank accounts in their respective host countries, their wages have to be paid in cash or by some form of prepaid card.
The new bank is headed by Josef Leckel who was formerly Director of Operations for Western Union Financial Services in Central and Eastern Europe.
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