All Pioneer prepaid MasterCard has been discontinued. The Financial Conduct Authority of the United Kingdom (FCA) has imposed other restrictions on the UK's Wirecard Solutions Limited, including the closure of all financial activities. The UK company, as a branch of the German company Wirecard AG, applied last Thursday to show their indigestion. This has caused problems for all Pioneer prepaid MasterCard users. Because, these cards are allocated by Wirecard UK.
German payment processor and financial services provider Wirecard AG filed for bankruptcy on the Frankfurt Stock Exchange on June 25. The company is accused of a কোটি 200 million scam. Former CEO Marker Brown was also arrested in the incident. News of the fall of Wirecard AG has spread around the world.
Wirecard UK is largely controlled by the FCA. They approve e-money service on prepaid cards. The FCA on Friday imposed a number of sanctions against Wirecard UK. The company will not be able to dispose of any assets or funds besides running its activities. All Pioneer users in the country and abroad are facing problems due to the closure of prepaid card activities.
"We have been able to understand the plight of Pioneer prepaid card users since Wirecard was declared bankrupt," a Pioneer blog post said. We believe in the transparency of Pioneer. Pioneer has taken appropriate measures to protect users' money. There is no reason for users to worry.
Pioneer says prepaid card users will no longer be able to withdraw or make new payments temporarily. Most of the money Pioneer has will not be affected. Pioneer is working to add other options in this regard.
Pioneer is very popular among online work or freelancers. Various online marketplaces including Freelancer.com, Fiber, GetiMages, Upwork, 99 Design, People Per Hour, Topcoder, Invato pay for the Pioneer platform.
This problem of wirecard has also affected the local freelancers. Many people use Pioneer Prepaid MasterCard. Since Friday, many have spoken of problems raising money.
Freelancer and online entrepreneur Jewel Rana said those who used to take money on prepaid cards from customers and marketplaces are not able to take money on cards. Everything has been frozen for the card users. The biggest problem is to take the subscription service. There is a big problem in taking all the activities online through the card. Again, many people's money is stuck. Due to the lack of PayPal facility, many people shop online internationally using Pioneer card. Everyone is in danger of getting stuck in the card.
Source: Tech.Africa, Pioneer Blog
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