Permanent TSB launch disposable credit card

Niamh Hennessy

This is the world’s first disposable credit card voucher and will be introduced to the market by Permanent TSB.

The national roll out of what’s been described as the cleverest personal finance product ever launched in Ireland will begin immediately.

Around 67% of Irish adults do not have a credit card and according to Permanent TSB this new card will appeal to the thousands more who have security concerns about giving their credit card details online.

“They will now be able to purchase books, cd’s, concert tickets, flights or download their favourite music online with complete security,” said a company spokesperson.

The credit card voucher, which has been likened to mobile phone credit vouchers, will be launched in Britain and throughout Europe in the coming months.

Laura Hurley and Peter Barrett from Cork who each secured nine A1s in their Leaving Cert two weeks ago will launch the product at the Permanent tsb head office in Dublin this afternoon.

The product has been developed by Permanent TSB, alphyra and 3V Transactions Services Ltd.