CALGARY,
Sept. 17, 2013 /CNW/ - Olympia
Financial Group Inc. (TSX: OLY) is pleased to announce that its
wholly-owned subsidiary Olympia Trust Company ("OTC") has been
granted a MasterCard Principle License by MasterCard Worldwide.
This license will allow OTC to issue prepaid MasterCard products in
Canada.
This new prepaid card business will be managed
by OTC's Foreign Exchange Division. OTC is now actively
engaging program managers and card processors looking to expand
their pre-paid card operations in Canada.
About Olympia Financial Group Inc.
Olympia Financial Group Inc. ("OFGI") conducts
most of its operations through its wholly owned subsidiary Olympia
Trust Company, a non-deposit taking trust company. Olympia
Trust Company is licensed to conduct trust activities in
Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince
Edward Island, New
Brunswick and Nova Scotia.
Olympia Trust Company administers self-directed registered
accounts, acts as a registrar and transfer agent for public and
private issuers and offers foreign currency exchange
services. OFGI also offers private health services plans
through its wholly-owned subsidiary Olympia Benefits Inc.
OFGI's common shares are listed on the Toronto
Stock Exchange under the symbol "OLY".
SOURCE Olympia Financial Group Inc.