gulfnews : Prepaid cards catch up with credit cards in popularity

Retailers and money exchange houses are expecting the number of prepaid card users to exceed credit card holders as people struggle to control personal debt following the financial crisis.
However, some banking analysts find this argument for prepaid cards invalid.
Majid Al Futtaim (MAF) Finance has seen a 95 per cent increase in the number of prepaid card users in the first half of 2012 compared to the same period last year, Rasool Hujair, chief executive of MAF Finance, said.

* username: rupertbu