UK-based eGroup, a direct insurance business, has announced the launch of the eSave prepaid card created, managed and operated by PrePay Technologies.

The Maestro branded eSave card is expected to enable eGroup customers to enjoy all the benefits of plastic payments with no risk of overdrawing and is claimed to be designed for those who want autonomy and control over their spending. The eSave card is not linked to a bank account or a credit scoring process and is available to all.

Powered by PrePay Technologies on its 360money platform, the eSave card allows users to securely load money onto the card at over 34,000 Post Office and PayPoint locations across the UK and make purchases online, in-store and over the phone at over 9 million locations worldwide that accept Maestro. The card can also be loaded by using credit/debit cards online as well as bank/wage transfers.

Anthony Graham, marketing director at PrePay Technologies, said: I am delighted that eGroup have chosen to partner with PrePay Technologies and become part of the ever growing 360money portfolio. Customers are always seeking greater peace of mind when they shop on line and want simple hassle free access to ATM’s and retail outlets worldwide. eGroup customers will now be able to enjoy this through their prepaid card as well as the trust, security and stability available to all customers on the 360money network.

Simon Jones of eGroup said: The new eSave card is an ideal product for students/young adults who want to budget their spending as well as an increasing number of overseas workers who find them ideal to use both in the UK and worldwide where Maestro cards are accepted. We are delighted to be partnering with PrePay Technologies to deliver this wonderful new product to our customers.