O2 Secure Wireless
announced that it has signed an agreement with The Republic Group of
Companies to brand a MasterCard debit card exclusively for O2 Secure Wireless
that can be distributed in all geographic markets, including the Dominican
Republic.
This development will allow the company’s domestic
division and Earthcom Service C por A, the company’s Dominican Republic
subsidiary, to issue the O2 Secure Wireless MasterCard to all of its customers.
The O2 Secure Wireless MasterCard will enhance and
simplify the company’s distribution of services and customer payment processing
by allowing the company to debit monthly service fees from the customer through
the O2 Secure Wireless MasterCard debit card.
The MasterCard debit card is an automatic issue to anyone
with a government issued ID, and therefore will accommodate all of the company’s
customers.
This ability provides the company a distinct advantage
over its competitors in the industry, while generating significant additional
revenue without any credit risk since the O2 Secure Wireless MasterCard is a
prepaid debit card, not a credit card.
The anticipated revenue derived from this new service
extends outside the parameters of revenue derived from the Company’s
telecommunication services.
Since the O2 Secure Wireless
MasterCard will be accepted anywhere MasterCard is accepted worldwide, the company
will generate significant revenue from transaction fees by the usage of the
MasterCard for any goods or services purchased with the Card by its customers.
With a projection of the issuance of 25,000 cards with an
average usage of 6 transaction per month, the Company would generate annual
revenue in the range of $5.3 Million dollars.
“This is a very significant milestone in the
Company’s strategy to create efficient and highly competitive services for our
customers. All of the Company’s products and services will be offered directly
to our customers on each of our wireless service websites in the different
markets, as well as other forms of media. We continue to focus 100 percent on
our projects and are pleased that we can now offer the 02 Secure Wireless
MasterCard to all of our customers,” said Val Kazia, president, Earthcom
Service.
By Telecomlead.com Team
[email protected]
