Universal Vision Group is a leading provider of international multi-currency pre-paid cards to both corporate users and consumers on its proprietary software that offers a complete Tier 1 pre-paid card issuer processing infrastructure.
E-commerce Payments Systems
The company is also e-commerce Payments Systems Provider with multiple banking relations and clients across America and internationally.
From Marked Wired
Universal Vision Group to Merge With Webteh Creating International Pre-Paid Card Issuing Conglomerate in Industry Expected to Surpass $440 Billion by 2017
NEW YORK, NY–(Marketwire – Apr 2, 2012) – Universal Vision Group Inc. (UVG), a leading provider of prepaid cards and e-commerce software, is pleased to announce that it has reached an agreement with Webteh d.o.o. and its founders whereby Webteh will become a wholly-owned subsidiary of Universal Vision Group as it expands globally.
Benny Doro, President of Universal Vision Group, commented, “The total value of the branded prepaid card opportunity in the United States is expected to surpass $440 billion by 2017 and as the prepaid segment continues to evolve, public and corporate sectors will drive growth here in America. We intend to capitalize on the biggest sectors by introducing its solutions to the corporate sector, driven primarily by payroll, healthcare and general use branded prepaid.”
And Igor Grcman, Senior Vice President and Vice Chairman of the Board of Webteh, noted, “This merger is an exciting move for us and we anticipate a dramatic growth in sales as we grow internationally with our products and services.”