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More Than 10,000 Prezzy Cards Sold

NEWS RELEASE

13 December 2006

More Than 10,000 Prezzy Cards Sold

New Zealand Post has sold more than 10,000 Prezzy Cards with more than $1 million of pre-paid value since they were launched last month. Each card can be loaded with up to $500 of value and be used almost anywhere a Visa card can be used.

The General Manager of Payment Services for New Zealand Post, Terese Tunnicliffe, says the cards are a concept new to New Zealand, but they are proving to be very popular as gifts - and for people to use themselves.

"We had expected the main purchasers of the card would be people wishing to send a friend or family member a unique form of gift voucher. However it is proving to have a much wider use than that.

“We are aware of companies giving their staff the cards as Christmas gifts, but also that people who are unable to get a credit card for various reasons are using the Prezzy Card to buy things online or use when they are overseas," Ms Tunnicliffe says.

"It was hard to estimate how the public would respond to a new product like this, although they have proved very popular overseas. Selling 10,000 cards in a month shows New Zealanders are also keen to try the concept.”

The Prezzy Card costs $5 to purchase and is then loaded with a redeemable cash value. It can then be used almost anywhere you can use a Visa card, including the Internet. Each Prezzy Card remains active for a year from the date of purchase. They can be purchased at any PostShop.

ENDS

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