Not-for-profit industry body reports surge in membership as prepaid sector evolves
LONDON (8 November 2016) – The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid financial services sector, has today announced its latest benefactors as the organisation continues to grow. Since January, the overall PIF membership has increased by 25% whilst the number of elected Board members is the highest in ten years.
Mastercard and Neopay join a growing membership of organisations committed to advancing the success of the prepaid industry. PIF was established in 2006 to support and enable an innovative, ethical and sustainable sector for prepaid. Member-governed and member-driven, PIF advocates for policies and standards that protect and enhance the use of prepaid solutions and promotes a positive image of the industry to consumer bodies, regulators, government departments and the media.
PIF’s Commercial Director, Diane Brocklebank said:
“We are very proud that Mastercard, a leading global payments and technology company, and Neopay, a market leading regulatory specialist, support our values and have chosen to become PIF benefactors.
“PIF’s broad membership base is an added value to each member organisation as we collectively leverage our industry insights to guide the sector for the next generation. Our growth is testament to the importance and impact of prepaid solutions in the financial services space, and our strength as a leading voice for the industry.”
As a not-for-profit organisation, PIF invests funds raised from its members and benefactors in initiatives that champion providers of prepaid solutions, and educational programmes that highlight the positive difference prepaid makes to the lives of millions of consumers around the world.
PIF Chairman, Craig James said:
“PIF sits at the heart of the industry and is uniquely positioned to bring the prepaid sector together to discuss and address industry opportunities and change. Our continued growth is proof of the valuable support we provide and testament to the commitment and calibre of our member organisations.”
Notes to Editors
The Prepaid International Forum (PIF) is a principal trade association for the prepaid industry. We believe that prepayment is a responsible way to pay for goods and services, and that consumers should be confident in the security of prepaid services and the money that is stored on their behalf.
Established in 2006 as a not-for-profit organisation, PIF works closely with industry, regulators, government departments, consumer bodies and the media to promote understanding of prepaid as well as providing support and education to proponents of prepaid worldwide. To learn more about PIF visit www.paymentsinnovationforum.org
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