Wall Street Exchange Pioneers Prepaid Gift Card in UAE Currency
Wall Street Exchange (WES), a money exchange service provider, has piloted a universal prepaid MasterCard gift card in UAE currency. This card can be used anywhere in the world, where MasterCard is accepted, the company has announced.
The Wall Street Exchange Gift Card becomes the first of its kind to be issued by any exchange house in the country, which makes gifting and corporate transactions a lot more convenient and seamless experience today.
Sultan Al Mahmoud, WES acting managing director said: “After the success of Wall Street Exchange’s Payroll Programme – Paytime, we are able to come up with this idea of encapsulating the wonderful gift of giving into a seamless and weightless card which will benefit both the giver and the recipient.”
Backed by Majid Al Futtaim Finance, the Gift Card is designed to be bought as a present for a friend or relative or pay bills on all occasions, ranging from holidays, birthdays, graduations, anniversaries, or any other celebration.
Alongside its rapid trajectory toward cashless transaction, Wall Street Exchange has created the card in such a way that it can be utilized as employee incentive, pocket money, cash out payment and for domestic and international expenses as well.
Prepaid cards are gaining wider acceptance because they allow consumers to make purchases online and in store without the need of carrying cash and having a bank account or a credit card.
The WSE gift card can be purchased at Wall Street Exchange counters and used in POS terminals, at merchant outlets, and for e-commerce transactions anywhere in the world where MasterCard is accepted.
The card can basically hold from Dh100 to Dh3,500. With the maximum validity period of 12 months, balance inquiry can be also done via mobile or website.
“Wall Street Exchange continues to provide innovative payments solutions for its clients at all income levels. The release of Wall Street Exchange Gift Cards marks the UAE’s trek towards a cashless and weightless society. It’s not just the flavor of the season, it’s the future,” Al Mahmoud said.
(Source: FilipinoTimes.ae)