The agreement is the first of its kind in the UAE and offers instant issuance of the card at all Redha Al Ansari Exchange Est branches. The expansion is testament to the success NBAD is attaining with the DeG Pre-paid Visa card, which was previously only available from bank branches.
NBAD's DeG Pre-paid Visa card, offers a convenient alternative to cash and cheques, and is aimed at a variety of customers including the non-banked segment of the market making it an attractive option for low-salaried employees, retired persons and students.
Furthermore, visitors to the UAE can take advantage of discounts at 1,700 Dubai outlets and transactions free of conversion charges, making the DeG Pre-paid Visa card ideal for tourists.
'We are delighted to work with Redha Al Ansari Exchange Est in the expansion of NBAD's DeG Pre-paid card,' said Senior Manager, NBAD Card Centre
Salem Al Shair, eServices Director, Dubai eGovernment has welcomed the agreement saying it reflects the effectiveness of the partnership between the government and the private sector in encouraging individuals and businesses to adopt the Dubai eGovernment Pre-paid card, the secure electronic method of payment developed and launched as a fruit of partnership between Dubai eGovernment and NBAD.
'We are pleased to witness the emergence of this agreement which indicates that our alliance with the private sector is gaining new momentum' said Al Shair.
Access to funds on a DeG Pre-paid card is protected by the cardholder's signature once used at Redha Al Ansari Exchange Est outlets. In addition, cardholders can perform balance and transaction inquires through NBAD website enabling customers to track expenses and monitor card activity more easily and efficiently.
The card allows cardholders to better budget finances by limiting spending to the amount of funds that have been loaded to the card.
Aashish Bhargava, Country Manager, UAE, Visa commented: 'The introduction of the NBAD DeG Pre-paid Visa card at Redha Al Ansari Exchange Est outlets demonstrates NBAD's commitment to continuously ensuring greater convenience, benefits and security for all UAE residents and visitors.'
Mr. Ahmed Al Ansari, General Manager, Redha Al Ansari Exchange Est said 'NBAD's DeG Pre-paid card can be acquired at any of Redha Al Ansari Exchange Est's 16 outlets located in Dubai, Sharjah, Al Ain and Abu Dhabi.
National Bank of Abu Dhabi expands with Dubai eGovernment pre-paid card success
National Bank of Abu Dhabi (NBAD), one of the leading banks in the UAE, has announced its alliance with Redha Al Ansari Exchange Est a leading exchange house established since 1945, to issue its Dubai eGovernment Pre-paid card.
- United Arab Emirates: Sunday, February 10 - 2008 at 16:49
- PRESS RELEASE
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About NBADThe National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBAD has a network of 74 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with 187 ATMs through which customers perform a variety of transactions.
Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBAD's overseas network stretches from Oman and Bahrain in the G.C.C., Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.
NBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.
About Redha Al Ansari Exchange Est
Redha Al Ansari Exchange Est, a Foreign Exchange One-Stop Shop Specialist, Head Office based in Dubai, U.A.E is the 1st Exchange House to start Money Transfer business. The Establishment was initially started in the year 1945 by late Sheikh Ghulam Abbas Al Ansari, the head of Al Ansari family and father of Redha Al Ansari. Redha Al Ansari Exchange offers a comprehensive range of products and services at the most convenient and secure way. The Establishments core competencies include:
• Global Money Transfer
• Telegraphic Transfer
• SWIFT Transfer
• Speed Remittance
• Door to Door Remittance
• Demand Draft
• Inter Emirate Transfer
An 'Authorised Agent' for Western Union and for National Bonds.
Branches are open from 8.30 am to 9.30pm from Saturday till Thursday. Fridays from 2.30pm till 10.00pm
About Visa
Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.
Or contact:
Hicham Amrani at Visa
+971 4 331 9690 or
Fax F +971 4 332 2199
Or contact
Linsey Worgan, Senior PR Account Manager, d'pr
Posted by Lara Lynn Golden, News EditorSunday, February 10 - 2008 at 16:49 UAE local time (GMT+4)
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