Contis makes £2m investment
CONTIS Group has announced plans to invest £2m in its prepaid card business.
The investment by the Skipton-based company is designed to take advantage of growth in the prepaid sector which is expected to continue for another six years.
Contis Group provides online banking and pay-as-you-go services to major banking, financial services and retail clients.
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. Most operators don’t ‘own the train set’ and are thus restricted by the limitations of their own supply chain.
“Contis Group has a clear strategy of growth through investment and acquisition, and has already committed over £7million in just 3 years to ensure we are at the forefront of financial services solutions.
“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.”
