• HSBC

Visa and Emirates NBD partner to grow debit business in the UAE

  • United Arab Emirates: Monday, March 30 - 2009 at 12:35
  • PRESS RELEASE

Visa Inc, the world's leading payment solution provider today announced a long term partnership deal with Emirates NBD, the largest bank in the UAE in terms of assets, to expand the bank's debit offerings.

The signing is part of the strategic partnership between Visa and Emirates NBD aimed at growing the debit card business in the UAE and improve the card payment experience for customers. Senior representatives from both Visa and Emirates NBD were present to mark the formal signing.

As part of this strategic partnership Visa will support Emirates NBD to further develop the bank's debit portfolio and enhance the Emirates NBD customer experience by increasing usage capabilities including access to Visa's unsurpassed global acceptance as well as the increased flexibility, convenience and security that debit offers.

Commenting on the signing, Kamran Siddiqi, Visa's General Manager Middle East said, "The signing of the Emirates NBD Debit deal is an important step for Visa in growing our debit card capabilities in the UAE and bringing the associated debit card advantages to UAE customers through Emirates NBD."

Speaking on behalf of Emirates NBD, Jamal Bin Ghalaita, General Manager of Consumer Banking and Wealth Management said, "We are pleased to partner with Visa in this agreement, and look forward to working closely to continue delivering innovative and relevant debit products that exceed the expectations of our customers."
Front row, from left to right: Kamran Siddiqi, General Manager Middle East, Visa; Jamal Bin Ghalaita, General Manager Consumer Banking and Wealth Management, Emirates NBD; Marc Luet, President, Visa CEMEA; Rick Pudner, CEO Emirates NBD. Back row, from left to right: Taff Morris, Business Development Manager; Suvo Sarkar, Executive Vice President & General Manager, Retail Banking, Emirates NBD; R Sivaram, Vice President Head of Cards Emirates NBD; Hans Morris, President, Visa Inc; Robin Mukherjee, Area Manager UAE, Visa Inc.
Front row, from left to right: Kamran Siddiqi, General Manager Middle East, Visa; Jamal Bin Ghalaita, General Manager Consumer Banking and Wealth Management, Emirates NBD; Marc Luet, President, Visa CEMEA; Rick Pudner, CEO Emirates NBD. Back row, from left to right: Taff Morris, Business Development Manager; Suvo Sarkar, Executive Vice President & General Manager, Retail Banking, Emirates NBD; R Sivaram, Vice President Head of Cards Emirates NBD; Hans Morris, President, Visa Inc; Robin Mukherjee, Area Manager UAE, Visa Inc.
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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, please contact:
Linsey Worgan
d'pr
Tel: +971 4 3233668
or
Hassan Al Khuwaildi
PR Officer
Emirates NBD
Tel: +971 4 209 2263

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