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Contis Group starts GBP2m investment programme for prepaid sector

Contis Group, provider of online banking and prepaid card technologies and services, has commenced an investment programme totalling GBP2m for the prepaid card market.

The investment is spread across the group’s UK and India companies.

Contis will take advantage of the forthcoming developments in payment processing, as well as a wealth of opportunities presented by advancements in cloud computing and SMART phone technology.

Contis managing director Mike Fromant said prepaid is a massive growth industry and it is Contis, the provider with the most sophisticated but easily-implemented solution that will lead the way in the UK and Europe.

"This latest investment reinforces our commitment to advanced payment platforms and consolidates our position as one of the leading players in the global prepaid sector," Fromant said.

Contis Group, a full supplier of Visa prepaid card solutions across the UK and EU, comprises Contis Card Solutions, Contis Collections, Contis Technologies India and GTP Solutions.