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Dubai, UAE: Mercury, the UAE’s domestic payment scheme, alongside their partner Al Fardan Exchange has announced the launch of their enhanced ‘Payez’ payroll card. Through the Mercury payment network, Al Fardan Exchange would now be able to provide their existing WPS cardholders utmost flexibility and ease of payments along with an enhanced card acceptance base.
The partnership will enable the provision of Point of Sale (POS) & wider ATM acceptance to Al Fardan Exchange’s cardholders. Salaries transferred via Al Fardan’s Payez card would allow users to pay with their card at all Mercury-enabled POS terminals at various merchants, and to perform cash withdrawals at Mercury’s robust ATM network across the UAE.
CEO at Al Fardan Exchange, Hasan Fardan Al Fardan said, “We are excited to be partnering with Mercury. Our new Payez WPS Card will give customers the flexibility and convenience to use across multiple touchpoints including POS and ATM with enhanced safety features. This is in line with the customer centric vision of Al Fardan Exchange. As part of our strategy moving forward, we want to offer a superior and differentiated product proposition to large, medium and small corporates which will ultimately result in customer delight for their employees. Our strong branch network of 70+ stores and digital platforms make Al Fardan the preferred choice for WPS services in the UAE.”
Simon Nelson, Chief Executive Officer, Mercury said, “Mercury, as the domestic payment scheme of the UAE, delivers much-needed support for WPS card programs, and provides cardholders access to easy payments. The launch of Al Fardan’s enhanced Payez card with Mercury is a part of our customer-focused strategy and we are proud to partner with them to meet the growing needs of their cardholders.
“Being a pioneering payment scheme in the region, we constantly look at bridging market gaps through innovative and locally relevant service offerings to enable cash to card conversion.” added Simon.
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About Al Fardan Exchange
Al Fardan Exchange is a member of the Al Fardan Group, one of the leading family-owned conglomerates in the region with a 50-year legacy. It is one of the many different businesses across several sectors under the umbrella of Al Fardan Group, ranging from real estate, to high- end jewelry to trading. The success of the group is largely built upon the business acumen and strong personal values espoused by its founder, Ibrahim Al Fardan, who established himself as a respected pearl trader back in 1954. Established in 1971, we are proud to serve the UAE’s cosmopolitan community through our 70+ strong network, spanning across all Emirates. Reinforced by strong relationships with over 150 global corresponding banks, financial institutions, and other financial service providers, we offer secure transactions that firmly place reliability and trust in the forefront.
About Mercury
Mercury, the domestic payments scheme of the UAE, defines the framework for payment transactions and its robust technology and operating guidelines provide the interoperability rails to facilitate transactions amongst issuers, acquirers, merchants, and cardholders. Mercury enables its issuers the capability of offering cardholders access to thousands of points-of-sale terminals and ATMs across the UAE. Incorporated in 2016, we are proud to support our UAE-based members in delivering customized payments solutions benefiting the entire payments ecosystem.
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© Press Release 2021
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