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Emirates NBD launches multi-currency 'GlobalCash Card'.

Emirates NBD has launched the Emirates NBD GlobalCash card, a multi-currency travel card in partnership with Mastercard.

Powered by Mastercard Prepaid Management Services, the Emirates NBD GlobalCash card is the most has the maximum number of currency wallets in the UAE and MENA region, according to Emirates NBD.

The banks said in a statement that the card works like a General Purpose Reloadable (GPR) card with Dirhams while in the UAE and as a multicurrency prepaid travel card when travelling overseas with the top 14 foreign currencies preferred by UAE residents: US dollars, GB pounds, Euros, Indian rupees, Pakistani and Sri Lankan rupees, Philippine peso, Saudi riyal, Australian dollar, Turkish lira, Swiss franc, Canadian dollar, Thai baht, South African rand, in addition to the UAE dirham.

The Emirates NBD GlobalCash card is Mastercard's first and fully integrated multi-currency prepaid card programme issued by a financial institution in the UAE.

The card can be used globally at over 37 million locations for point of sale transactions, ATM withdrawals and online purchases anywhere the Mastercard logo is displayed, Emirates NBD said.

"Customer convenience is at the heart of all our product offerings and the Emirates NBD GlobalCash card offers a safe and hassle-free hedge from currency and rate fluctuation while traveling and shopping abroad or online. This card delivers a more secure experience for clients when they are travelling and gives them the peace of mind that they have a fixed currency exchange rate on all international spends," Suvo Sarkar, Senior EVP & Group Head, Retail Banking & Wealth Management at Emirates NBD, said.

"By locking in an exchange rate, the GlobalCash card offers a smart way to manage foreign currency requirements each time that customers load, reload or move money between currencies on the card. Backed by Emirates NBD's extensive network and support infrastructure when it comes to safety features and re-loading and the added advantage of Mastercard's global acceptance, gives the GlobalCash card a distinct edge among competitor travel cards," Sarkar added.

Eyad Al Kourdi, Senior Vice President and General Manager, UAE, Mastercard said, "The multi-currency travel card sets a new benchmark in the payments landscape with its flexible functionality and a host of features that work both locally as well as during international travels, supported with the safety and security that consumers associate with the Mastercard brand."

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Publication:CPI Financial
Geographic Code:7UNIT
Date:Nov 7, 2016
Words:400
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