23 July 2003
Standard Chartered Bank has tied up with Visa International to issue Visa Electron debit cards to all its account holders in the UAE.
The card is being issued free of charge to all customers. The international debit card offers unmatched banking freedom and flexibility by allowing customers to access their accounts and withdraw cash through a network of over 810,000 ATMs globally.
In addition to this, the debit card can be used at millions of merchant outlets worldwide, to pay for purchases. The debit card helps control finances because customer spending is limited by the balance of their accounts.
Ray Ferguson, Chief Executive, Standard Chartered UAE, said: “Standard Chartered Bank constantly strives to understand and exceed customer requirements. In this, our global 150th anniversary, it is appropriate that we continue to launch world class products that help define the shape of modern banking.”
World-class security is a focus of the card, with an extremely difficult to copy hologram, as well as Visa’s highly sophisticated global security features.
Subroto Som, Regional Head of Consumer Banking, Middle East and South Asia, said: “This card gives you the freedom to shop without carrying cash, as well as the freedom to withdraw money whenever you need it. It is a significant step in our consistent drive to enhance banking convenience for our customers in the UAE.”
The launch of the card comes soon after the launch of a state-of-the-art UAE Internet banking service, and the launch earlier this year of personalised gold credit cards.
Peter Scriven, General Manager for Visa International in the Middle East, said: “We are very excited that Visa Electron has been chosen as the payment solution for Standard Chartered customers. We are confident that Standard Chartered customers will benefit from the ease, convenience and safety of paying with Visa Electron as a more flexible alternative to cash.”
-Ends-
NOTES TO EDITORS:
Standard Chartered Bank in the UAE
Standard Chartered Bank has a Consumer Banking network comprising eight branches and 22 automated teller machines (ATMs). Standard Chartered is the leading provider of cash management trade finance, and treasury products and services in the UAE.
Standard Chartered Bank – The world's leading emerging markets bank
Standard Chartered is the world's leading emerging markets bank. It employs nearly 29,000 people in over 500 offices in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.
The Bank serves both consumer and wholesale banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses. The Wholesale Bank provides services to multinational, regional and domestic corporate and institutional clients in trade finance, cash management, custody, lending, foreign exchange, interest rate management and debt capital markets.
With 150 years in the emerging markets the Bank has unmatched knowledge and understanding of its customers in its markets.
Standard Chartered recognises its responsibilities to its staff and to the communities in which it operates.
For further information please contact:
Aida Hamza,
Head of Corporate Affairs,
Standard Chartered Bank,
UAE
Tel: +971 4 507 0666
Fax:+971 4 359 4174
e-mail: aida.Hamza@standardchartered.com
For press information contact:
Will Rankin,
MCS/Action,
PO Box 20970,
Dubai,
UAE.
Tel: +971 4 3902960
Fax: +971 4 3908161
e-mail: will@mcsaction.com
Standard Chartered Bank has tied up with Visa International to issue Visa Electron debit cards to all its account holders in the UAE.
The card is being issued free of charge to all customers. The international debit card offers unmatched banking freedom and flexibility by allowing customers to access their accounts and withdraw cash through a network of over 810,000 ATMs globally.
In addition to this, the debit card can be used at millions of merchant outlets worldwide, to pay for purchases. The debit card helps control finances because customer spending is limited by the balance of their accounts.
Ray Ferguson, Chief Executive, Standard Chartered UAE, said: “Standard Chartered Bank constantly strives to understand and exceed customer requirements. In this, our global 150th anniversary, it is appropriate that we continue to launch world class products that help define the shape of modern banking.”
World-class security is a focus of the card, with an extremely difficult to copy hologram, as well as Visa’s highly sophisticated global security features.
Subroto Som, Regional Head of Consumer Banking, Middle East and South Asia, said: “This card gives you the freedom to shop without carrying cash, as well as the freedom to withdraw money whenever you need it. It is a significant step in our consistent drive to enhance banking convenience for our customers in the UAE.”
The launch of the card comes soon after the launch of a state-of-the-art UAE Internet banking service, and the launch earlier this year of personalised gold credit cards.
Peter Scriven, General Manager for Visa International in the Middle East, said: “We are very excited that Visa Electron has been chosen as the payment solution for Standard Chartered customers. We are confident that Standard Chartered customers will benefit from the ease, convenience and safety of paying with Visa Electron as a more flexible alternative to cash.”
-Ends-
NOTES TO EDITORS:
Standard Chartered Bank in the UAE
Standard Chartered Bank has a Consumer Banking network comprising eight branches and 22 automated teller machines (ATMs). Standard Chartered is the leading provider of cash management trade finance, and treasury products and services in the UAE.
Standard Chartered Bank – The world's leading emerging markets bank
Standard Chartered is the world's leading emerging markets bank. It employs nearly 29,000 people in over 500 offices in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.
The Bank serves both consumer and wholesale banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses. The Wholesale Bank provides services to multinational, regional and domestic corporate and institutional clients in trade finance, cash management, custody, lending, foreign exchange, interest rate management and debt capital markets.
With 150 years in the emerging markets the Bank has unmatched knowledge and understanding of its customers in its markets.
Standard Chartered recognises its responsibilities to its staff and to the communities in which it operates.
For further information please contact:
Aida Hamza,
Head of Corporate Affairs,
Standard Chartered Bank,
UAE
Tel: +971 4 507 0666
Fax:+971 4 359 4174
e-mail: aida.Hamza@standardchartered.com
For press information contact:
Will Rankin,
MCS/Action,
PO Box 20970,
Dubai,
UAE.
Tel: +971 4 3902960
Fax: +971 4 3908161
e-mail: will@mcsaction.com
© Press Release 2003
