- Euro Asia Pay Holdings (EAP) has signed an agreement with Discover Global Network to support the launch of EAP’s Hero Financials product in the U.S.
- EAP and Discover will facilitate joint programs via issuers of prepaid cards in the U.S. for acceptance on the Discover Network
- A recent study featured in Business Insider indicated that the purchasing power of Gen Z in the U.S. is expected to exceed $140 billion as it becomes the largest generational cohort
- The agreement is for an initial term of five years, during which time EAP has committed to issuing all future cards for its U.S. market exclusively on the Discover network
- Euro Asia Pay Holdings is a leading fintech solutions provider
- Euro Asia Pay Holdings Inc (EAP) opened trading today at $0.25
Discover Global Network will support the launch of Euro Asia Pay Holdings’ (EAP) Hero Financials product in the U.S.
Under the terms of the agreement, EAP and Discover will facilitate joint programs via issuers of prepaid cards in the U.S. for acceptance on the Discover Network.
Hero Financials is EAP’s full-service alternative-to-banking solution that allows guardians to provide funds to their dependents easily while monitoring payments and promoting financial literacy for the next generation of consumers.
The partnership with Discover will aid EAP’s expansion strategy in the U.S. and provide reliable choices to consumers for more secure payments.
A recent study featured in Business Insider indicated that the purchasing power of Gen Z in the U.S. is expected to exceed $140 billion as it becomes the largest generational cohort. Tapping into this market will allow EAP’s latest product, Hero Financials, to provide U.S. customers with a safer, user-friendly, and reliable product with parental control features.
This modern payment solution is expected to include a mobile application and a built-in budgeting tool, savings function, contactless payments, and security backed by third-party encryption.
“This partnership will enable us to leverage a spectrum of payment capabilities as Discover has a significant market share and is accepted at millions of points of sales solutions and cash-access locations,” noted Peter McKay, CEO of EAP.
“Partnering with EAP complements our goal of providing the next generation of consumers with more payment choices and products to encourage life-long financial skills,” said William Dulin, Vice President, Network Solutions, at Discover.
The agreement is for an initial term of five years, during which time EAP has committed to issuing all future cards for its U.S. market exclusively on the Discover network.
Under the agreement, both parties will review anticipated volumes within a reasonable time following the 24-month anniversary of the Hero Financials launch date.
Euro Asia Pay Holdings Inc. is a leading fintech solutions provider.
Euro Asia Pay Holdings Inc (EAP) opened trading today at $0.25.
