Home Freedom Prepaid MasterCard The Financial Benefits of Digital Inclusion

Freedom Prepaid MasterCard The Financial Benefits of Digital Inclusion

Press Release: March 26, 2010

In a quote from Martha Lane Fox (Champion for Digital Inclusion):

Off-line households, for instance, could be missing out on average savings of £560 a year from shopping and paying bills online, and all in all the economic benefit of getting everyone online in the UK are estimated to be £22billion.

Research by PricewaterhouseCoopers LLP (PwC) between 16th September and 9th October 2009 shows the following financial savings that can be made online:

The consumer saving of £560 a year is an average across all digitally excluded households: for the 20% of households on the lowest incomes, the average saving is £300 a year.

The consumer saving is equivalent to around £3 in every £100.

The biggest consumer savings are estimated to come from purchases of energy, insurance, clothing and package holidays.

This is great news for consumers, however, what about those consumers without credit or debit card accounts, how can they benefit from these savings?

As with many things in life it would appear that those most needy are excluded, however, help is at hand.

Once you have signed up for the Freedom Prepaid Cash Card, you can load it with your wages and benefits or with cash & then use it just like a credit/debit card online in shops and at cash machines.

Not only can the consumer benefit from the savings shown, but the Freedom Prepaid MasterCard also provides these additional benefits:

Credit Booster

If you have had problems with credit in the past, never had credit, been hit by CCJs or youre new to the UK, Credit Booster could help improve your credit rating

Insurance Protection

12 Month mechanical breakdown coverage beyond the manufacturer's warranty on domestic electrical goods purchased in the UK on the Freedom Prepaid MasterCard

30 days Theft & Accidental Damage for an item purchased on the Freedom Prepaid MasterCard in the UK

30 days Price Protection - If the cardholder makes a purchase with their Freedom Prepaid MasterCard in the UK and then find the same item at a cheaper price at any retail store anywhere in the UK then the policy will refund the difference.

To find out more about The Freedom Prepaid card please:

Email Customerservice@freedom-card.co.uk

Visit the site www.freedom-card.co.uk

Call - 0207-147-1603

Notes to editors

For more information, please contact: