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Wednesday, February 4, 2015

Yes bank, UAE Exchange launch travel prepaid card

Global remittance provider UAE Exchange India tied up with private lender Yes Bank to launch ‘Go Cash’ prepaid travel.

"It is a multicurrency card which can be easily used at ATMs/POS & for online purchase around the globe," UAE Exchange said in a statement.

The maximum or minimum limit to the amount that can be carried on the card and the number of different currencies were not specified in the statement.

GO CASH pre-paid Travel card enables exchange rate lock facility, security and accessibility at minimum time with worldwide acceptance for purchases across millions of Master Card-approved outlets. Travel card acts as a safety machine and customers can be free from the fear of cash carrying enigma.

V. George Antony, MD, UAE Exchange said,” UAE Exchange India is consistently looking at ways in which we can make a difference in people’s lives. We believe in providing a differentiated value proposition to customers in sync with our customer centric approach. UAE Exchange India has always been at the forefront of customer-centric innovations and services. We are the market leaders in Foreign exchange business and by introducing such financial products we are going to address customer’s needs even better.”

Pralay Mondal, Senior Group President, Retail and Business Banking, Yes Bank, said, “This product is a next step towards us offering the best in class products to our valued customers. We are certain that our customers shall appreciate the unique features and convenience of this card.”

Customers can apply the card through an online application.

Source : Thehindubusinessline


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