3V visa voucher to launch in Canada
Irish online payments company 3V Transaction Services will launch its pay-as-you-go VISA voucher product in Canada following an announcement made during this week's Enterprise Ireland trade mission to Canada, led by Tánaiste Mary Coughlan
3V has signed a deal with Canadian financial institution, Peoples Trust Company, to act as Canadian issuer while VendTek Systems Inc has been secured as the distribution partners to launch the 3V product platform into the Canadian market.
The expansion into Canada follows a similar deal signed by 3V Transactions Services earlier this week that will see the product platform launch in the Benelux region.
“These agreements mark a significant milestone in the development of 3V Transaction Services Ltd," said CEO Kieran Guilfoyle.
"This recognition by the Canadian financial industry will hopefully open doors into other international countries.”
The 3V voucher is an online payment method, which allow customers to shop online using prepaid vouchers that have a disposable 16-digit VISA number, which the customer uses online just like a standard credit card.
Customers can buy vouchers from participating retail outlets, in the same way they currently purchase credit for their mobile phones.
Launched in October 2005, 3V now operates in Ireland and the UK, employing 23 staff at its Dublin headquarters.
