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GRTU Supports YES Card Initiative
19 May 2014
GRTU has today hosted the launch of the YES Money Card by
Insignia Cards Ltd Malta and Lighthouse Group, with the endorsement of the
Honourable Dr Christian Cardona, Minister for the Economy, Investment and Small
Business.
GRTU President Paul Abela
also endorsed the initiative as a very innovative and practical way of payment.
YES Net is a payment system
tailored for the Maltese market that brings extensive benefits to both
consumers and retailers alike. The YES Net programme is based on the YES Money
Card and a network of Merchants who accept payment by this Card.
The YES Money Card creates
synergy between traders and consumers. It is an easy way for consumers to get
access to, and use, credit. This new credit card, available to the Maltese
public, is totally fee-free (with no introductory or yearly charges) and allows
consumers to make purchases today and repay them in fixed monthly installments
over a period of up to 36 months, with highly competitive interest rates.
Card applications are
completed online at www.yesmoney.com.mt, without having
to open a bank account or deposit any money. Approval is given within 30
seconds, and the YES Money Card will be delivered to one's home or workplace in
the subsequent days.
Apart from being free,
giving consumers the ability to "buy now and pay later' and the ease of
application and delivery, the YES Money Card gives a 56-day interest-free
period and lines of credit up to €5,000. As an additional benefit, for every
Euro spent on the card, the consumer earns one YES Coin. YES Coins can later be
redeemed for a variety of rewards.
GRTU welcomes increased
competition in this sector and innovative ways to boost payment methods such as
this initiative. Minister Cardona also commended the initiative and thanked the
companies involved as well as the GRTU for providing its constant support.
