smch, this explains it pretty well,
(taken from company press release)
GTEL, with its partner Grupo Ingedigit, through its subsidiary in the U.S., AmericasCom International, Inc., have begun their program to start distribution of its Magic Money Card(R), a prepaid calling card and MasterCard and Maestro Debit/Credit Card all rolled into one with a host of additional stored value services. The Magic Money Card(R) is not just a prepaid calling card, it is a debit card/stored value card offering services that not only include prepaid calling, but adds financial services such as domestic and foreign money remittances and allows you to shop in all the 20 million places that accept MasterCard and Maestro Debit/Credit Cards and use any of the 1 million ATMs worldwide that have the Maestro and Cirrus logos.
This product will not only allow all of GTEL's prepaid calling customers to upgrade their calling cards to MasterCard and Maestro Debit/Credit Cards but will offer to GTEL a much larger new customer base to sell not only telephony services but a host of other financial and non-financial services. Under the Grupo Ingedigit aegis as a certified MasterCard services provider, the Magic Money Card(R) services will be available around the world. GTEL sees this opportunity as a quantum leap to gain brand recognition for its prepaid calling services while providing its customers with a full array of MasterCard Debit/Credit Card features and GTEL stored value services. GTEL customers will use the debit/credit cards to make prepaid telephone calls, transfer funds, go out to dinner or take a vacation. GTEL expects to earn substantial income from these financial and merchant services in addition to its telephony services.
News 
Market Data 
Discover 
