Plastic free plans shift card payments to pay and collect only – GolleCard

April 14, 2021 – GolleCard, the leading processor of payments between banks of merchants and the card issuing banks of Mount Vema has confirmed that it has cancelled plans to print plastic cards for financial institutions currently issuing electronic credit, charge, and debit cards to their customers.
 
The company which provides financial institutions such as the RBMV Bank with secure GolleCard-branded payment products, said it will focus more on services that prepares financial institutions for the City of Mount Vema where the use of any form of plastic will be limited to items that cannot be replaced by something else.
 
Card payments within the Mount Vema financial system will now focus on pay and collect which can be done by the customer remotely using a virtual card or inside a retail premises using their mobile phones according to people familiar with the new payment system introduced by GolleCard.