sQuidcard Limited, the electronic money (eMoney) operator today
announces it is to launch its sQuid eMoney service in Dundee, in
partnership with the Scottish National Entitlement Card (NEC) and Dundee
City Council.
Dundee is the second UK launch zone for sQuid, after Bolton. Adam Smith,
Managing Director of sQuid stated: “Our unique
eMoney service delivers real value for retailers, with very low costs,
much lower than credit and debit cards for sub-£10
transactions. For the consumer, sQuid is available to anyone, and does
not require a bank account. It complements the philosophy of the
Entitlement Card being open to all, and we are delighted to be launching
sQuid in Scotland with NEC and Dundee City Council”.
Dundee City Council is a participant in the NEC programme and 38,000
cards are already in issue in Dundee, with many more now expected. A
further 140,000 cards have been issued in the wider Tayside and Fife
area and it is intended that these cards will also be able to benefit
from this initiative when used in the city. sQuid will be available
through the NEC as well as independently through retailers.
The Council will be an active participant in the scheme, which will see
sQuid eMoney being used for all sorts of small value purchases,
including newspapers, food and taxis. It underlines the Council’s
commitment to delivering valued services for Dundee citizens and
businesses. Councillor Kevin Keenan, the leader of Dundee Council said: “Dundee
is embracing new technologies and we see smartcards and electronic money
as a positive service for all. We are delighted to be working with sQuid
to help make this a reality”.
About sQuidcard Limited
sQuidcard is a subsidiary of Nucleus Limited, a leading brand, internet
and venturing business.
sQuid eMoney is the alternative to the debit and credit card networks
for sub £10 tap and go transactions - a market
forecast to grow rapidly, replacing some of the £200bn
cash transactions made each year in the UK.
sQuid has a multi-purse capability and is compatible with ITSO (transit)
standards. This enables a sQuidcard to be used not only for low value
purchases such as a newspaper, cup of coffee and a sandwich etc. but
also as a pre-pay transit card.
Armadillo Consulting Group for sQuid
Lloyd Mullenger,
+44-(0)20-3195-6727