PSPP Holdings' Subsidiary, eSafe, Inc., Announces That Visa International Has Given the Go Live Date for Testing of the Africard
Africards, Issued by Banque du Burkina Internationale in Ouagadougou, Burkina Faso, Is One of the First Visa Prepaid Cards in West Africa in CFA (Local) Currency Denominations
LOS ANGELES, CA--(www.AllPayNews.com - August 30, 2007) - PSPP Holdings, Inc. (OTCBB: PSPJ), a financial services company that is establishing an international banking network to facilitate electronic remittance, mobile banking, e-benefits, and stored value and pre-paid card solutions, announced today that the company begins live testing today of the Africard Prepaid Visa Card. The announcement was made today by PSPP Holdings' Chairman, Larry Wilcox.
The Africards Prepaid Visa Card is a French language payroll and general spend card that will offer consumers a new banking product that is reloadable at any BIB bank branch or selected Western Union locations. Employees can use their cards at numerous locations to make purchases or access cash at Automated Teller Machines or Point-of-Sale terminals. Africards will broaden the diversity of the card market in West Africa and will be aimed at travelers, money remittance and direct deposit consumers.
This program which is now in place will be added to the North American product mix and will complement the South American Continents, as PSPP Holdings expands into another continent. Mr. Wilcox stated that eSafe's General Manager David Dearman and International Business Director Serge Doh have left for a 3 week trip to the West African region for on site testing and program implementation.
Regarding the announcement, Mr. Wilcox stated, "The implementation of Africards has the ability to revolutionize virtual banking in the West African region. We are very excited to watch this program expand and develop."
About PSPP Holdings, Inc.
PSPP Holdings, Inc. (OTCBB: PSPJ), headquartered in Los Angeles, California, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions. PSPP Holdings provides the transaction-based business of electronic payments and related digital banking in two continents today: North America and Africa, utilizing MasterCard International and Visa, as well as local banks which enable settlement of funds in local currency.
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