Overview

NetSpend provides prepaid debit cards and related financial services for consumers who are unbanked or underbanked. It uses General Purpose Reloadable (GPR) cards that work like debit cards without a bank account or credit check, with funds loaded through direct deposit, bank transfer, or a broad network of reload locations, and revenue from monthly or per-transaction fees as well as ATM and cash-reload charges. Features include direct deposit, online bill pay, mobile account management, budgeting tools, optional high-yield savings, cashback rewards, and overdraft protection, plus payroll card options. Its goal is to give underserved customers accessible, reloadable payment tools and financial control, with Ouro aiming to combine NetSpend’s domestic prepaid business with Rêv’s international and loyalty products.