LOS ANGELES, 02 Feb. 10, 2022 (GLOBE NEWSWIRE) — BlueOne Card, Inc. (“BlueOne Card”, “Company”) (OTC Pink: BCRD), is pleased to announce the planned February retail launch of its flagship product, the BlueOne card in the United States. The BlueOne card is a prepaid Mastercard issued by Axiom Bank, NA, Member FDIC, pursuant to a license from Mastercard.
Until now, the BlueOne Card was available exclusively online or via the BlueOne Card® app. The planned launch will begin the retail rollout of the BlueOne card, using a developed money loading system that will initially launch in retail liquor stores. The rollout will begin in California and the West Coast and is expected to expand to the Midwest and East Coast in 2023.
In addition to the advantages of a Prepaid Mastercard, each BlueOne Card offers its holder a virtual current account with an account number and a routing number without the need for a social security number. Once enrolled, BlueOne cardholders can transfer and receive funds, deposit paychecks, facilitate direct deposit, use bill payment services, access ATMs, top up their cards and more. The BlueOne card is accepted by over 30 million merchants and at over 1 million ATMs worldwide, or wherever Mastercard is accepted.
With the BlueOne card, cardholders can easily transfer funds outside of the United States. Money transfers in the form of remittances to foreign countries is a booming industry. Census Bureau data collected by the Pew Research Center concluded that there are approximately 45 million foreign-born people currently living in the United States, a large percentage of whom regularly send money home from abroad. origin. According to a May 2019 report, migrant workers who earn in the United States send an estimated $150 billion annually to their home countries.
James Koh, President of BlueOne Card Inc., said, “We are excited about our upcoming retail launch and the opportunity to rapidly expand our user base. There are a growing number of people in the United States who are unable to use traditional banking services, but with the BlueOne card, they can enjoy all the banking services that have eluded them so far. Our product is perfectly positioned to meet the growing need for financial services of a large part of the population. More updates will be forthcoming.
About BlueOne Card Inc.
Founded in 2007, BlueOne Card, Inc. is a leading provider of innovative payment solutions and prepaid MasterCards. BlueOne Card, Inc. is a financial technology (FinTech) company whose goal is to help unbanked workers solve their payment and money transfer problems. The BlueOne Master card is a secure card with quality features such as locking and unlocking card access and dynamic CVV technology. BlueOne MasterCard cards have no liability and are FDIC insured, making them reliable and safer than cash.
Any forecast of future financial performance is a “forward-looking statement” under securities laws. These statements are included to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as one factor among others in evaluating an investment.
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Contact: 800-210-9755
www.BlueOneCard.com
