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August 25, 2014updated 21 Jan 2022 12:58pm

Commercial Bank, Alfardan Exchange and Rêv to launch prepaid travel card in Qatar

Commercial Bank of Qatar, Alfardan Exchange and Rêv Worldwide, a payment products innovations company, have partnered to develop the first prepaid multi-currency travel card in Qatar and Visa's first in the Middle East.

By Verdict Staff

Commercial Bank of Qatar, Alfardan Exchange and Rêv Worldwide, a payment products innovations company, have partnered to develop the first prepaid multi-currency travel card in Qatar and Visa’s first in the Middle East.

The Alfardan Exchange Visa Travel Money Card may be pre-loaded with up to five different currencies (QAR, USD, EUR, GBP, AED) that can be accessed via the card at a merchant point of sale, or an ATM, in the same way a credit card or debit card is used, overseas or in Qatar, wherever Visa is accepted.

Rêv Worldwide CEO John Mitchell said: “We have been looking at taking our innovative multi-currency travel products to the Middle East for some time, and we are thrilled our first product will be in partnership with Commercial Bank and Alfardan Exchange. Customers in the middle east are ready for a more convenient way to transact as they travel across borders.”

Visa’s general manager of Middle East and North Africa Ihab Ayoub said: “Visa is proud to partner with Commercial Bank of Qatar, Alfardan Exchange and Rev Worldwide to launch its first Visa Travel Money card in the MENA region.

“Customers can look forward to enjoying the conveniences of buying more than one foreign currency on a reloadable Visa prepaid travel card that will also be accepted online. This latest product reiterates Visa’s commitment to support innovative financial solutions in the region that promise a convenient and secure payment experience.”

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