Kuwait's OneCard Signs Prepaid Agreement With E-Net.(News)

Byline: Ankush Chibber

Prepaid account provider OneCard Co. has signed a strategic partnership with e-Net, a spokesperson for Kuwait-based online-payments provider tells PaymentsSource.

The agreement enables OneCard clients in Kuwait to use their virtual prepaid cards on OneCard's website through k-Net, e-Net's payments service, the spokesperson adds. In turn, OneCard will make its services accessible to all e-Net clients in Kuwait beginning this month, he says.

E-Net provides online services that support bills payment for telecommunication operators, Internet service providers, finance companies, cable-television companies, prepaid card companies and charities.

OneCard enables its users to sign up for virtual prepaid card they may use to make payments at online merchants in 19 countries in the region, including for games, prepaid phones and DSL high-speed Internet access.

Consumers may recharge their prepaid accounts using OneCard prepaid cards they can buy at retail locations in the participating countries, bank funds transfers, credit cards and select foreign-exchange providers, according to the spokesperson.

Fees merchants pay to accept OneCards vary. Consumers pay 6 dirham (US$1.60 or 1.2 euros) to replenish their account using a foreign-exchange provider, and 3% of the transaction amount when using a credit card, the spokesperson reveals that

OneCard claims to be the largest online prepaid payment provider in the Middle East and North Africa by transaction volume.