National Bank of Abu Dhabi (NBAD)National Bank of Abu Dhabi (NBAD)

NBADNBAD's latest card serves as a safe and efficient alternative to carrying cash and is a pre-funded Visa Electron card that can be used at both point of sale in the UAE and abroad as well as at ATMs featuring the Visa logo. This general purpose payment vehicle ensures that cardholders are in control of finances and spending at all times and is ideal for those without a bank account as well as visitors from overseas.

"Our new Prepaid Visa Card is a great addition to our card line-up as it gives consumers both flexibility and convenience while ensuring that they never exceed the amount loaded on the card," said Mr. Farman Ali, Senior Manager of NBADNBAD's Cards Centre. "Consumers now have access to a card that truly complements their lifestyle and meets a diverse spectrum of needs," he added.

"As the UAE's number one bank, NBADNBAD keeps up to speed with the latest in the banking industry to provide customers with a fast, secure, reliable and convenient banking experience" Mr. Ali concluded.

The NBADNBAD prepaid card is available from all NBADNBAD branches or designated merchant outlets and can be obtained instantly by simply completing an application form and loading funds onto the card. The card can be uploaded at any NBADNBAD branch or cash deposit machine 24 hours a day.

"Our investments in innovation reflect our commitment to give more people better access to different types of electronic payments. The new NBADNBAD Prepaid card will provide a wider range of consumers with the convenience, flexibility and security of using a Visa card," said Norliza Kassim, Head of Regional Marketing for the Middle East and North Africa.

The flexible prepaid card is suitable not only as a gift but also as a company reward and incentive or alternatively for those not eligible for credit or debit cards. Visitors to the UAE can also benefit from zero currency exchange fees as the card is loaded with local currency.

The NBADNBAD prepaid card has a minimum load amount of AED 100 and a maximum of AED 5,000. Balance enquiries can be made via NBADNBAD ATMs and branches as well as online.

-Ends-

About Visa
Visa Inc. 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.

About NBAD
The National Bank of Abu Dhabi (NBAD)National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBADNBAD has a network of more than 80 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. NBADNBAD 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 more than 220 ATMs through which customers perform a variety of transactions.

Besides brick & mortar branches, NBADNBAD 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.

NBADNBAD's overseas network stretches from Oman, Kuwait, 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.

NBADNBAD 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.

NBADNBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include the Middle East Excellence Award 2008, the Mohamed Bin Rashid Al Maktoum Business Award 2007, the Sheikh Khalifa Excellence Award, Dubai Quality Award, '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.

Or contact:
Linsey Worgan,
d'pr
Tel: +971 4 3233668,
Email: Linsey@d-pr.ae

For Media enquires, please contact:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Mob: + 971508126799
Email: ehab.hassan@nbad.com
Web: www.nbad.com

© Press Release 2008

 

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