Ceridian Stored Value Solutions (SVS) shares its expertise with the growing prepaid card industry in Southern Africa
Ceridian Stored Value Solutions (SVS) attended the 1st Southern Africa Gift & Prepaid Seminar bringing its considerable experience and expertise to provide support and advice to one of the world's newest emerging prepaid markets: Southern Africa.
Along with its local South Africa partner, DrawCard, SVS attended the oversubscribed 1st Southern Africa Gift & Prepaid Seminar at the end of June. SVS attended in their role as a founding member of Global Prepaid Exchange. The Seminar, organised by Global Prepaid Exchange in partnership with Visa, has been described as the leading thought leadership forum for retailers, industry service providers and experts working in the gift & prepaid space in Southern Africa.
SVS Customer Services Director, Steve Bradbery, says: "Prepaid cards have been the fastest growing form of payment in Southern Africa for six consecutive years. One reason for this is that South Africa has a large community of people, approximately 40% of the total population, who do not have a bank account. This means that we need to really look at innovative ways of diversifying and expanding cash and money products."
The economic powerhouse of the Southern African countries is undoubtedly South Africa. Steve Bradbery acknowledges this and says: "The market is here. It is a changing and exciting landscape. We came to offer best practices; with our global footprint we have much to offer. The seminar has given us the chance to engage in valuable and rewarding dialogue with a range of retailers and industry professionals and I look forward to a dynamic time throughout this region over the next few years."
Ceridian Stored Value Solutions (SVS) is the leading single-source provider in the prepaid space, delivering a fully dedicated gift card and promotional platform. SVS manages more than five hundred million card products and processes over one billion transactions from 40+ countries and 26 currencies worldwide every year. SVS partners with top global retailers to offer stored value solutions that effectively drive the behaviour that leads to business success. Visit:www.storedvalue.com.