Philippine Savings Bank (PSB has launched a prepaid
MasterCard.

The bank will charge PHP10 ($.0.23) when the card is topped up,
a fee which is waived if the credit is applied online..

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PSB will require customers to make an opening credit of PHP500
to issue the prepaid card and has set a monthly top-up limit of
PHP100,000.

Prepaid customers will not require to open a PSB bank
account.

In a separate announcement, the bank said it would add 20
branches to its existing network of 180 this year.

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