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April 10, 2019

Mint Middle East introduces multi-currency prepaid travel card

Mint Middle East, a UAE-based payments processing company, has introduced a multi-currency travel card and an online identity verification platform.

The latest offerings are aimed at facilitating cashless and pre-fixed forex rate transactions for travellers in the region, which has registered sharp growth in outbound travel during the recent years.

The card allows users to add multi-currencies onto a single card. Therefore, users can make travel payments using their preferred currency during international travel. Users can also verify their prepaid balance and transaction history.

Based on the needs of the exchange houses, the card can be co-branded or white labeled, the company said.

The company’s latest identity verification solution has been launched to empower its customers with Assisted KYC solution.

The platform authenticates real-time Emirates ID of the customer through direct integration with EIDA platform. It saves consumer detail in a secure environment.

Mint Middle East chairman and CEO Abdulrazzaq Al Abdullah said: “The multi-currency prepaid travel card and mobile application will ensure that our travelling customers are never faced with a situation where they’ve run out of money or when an exchange house is unavailable.

“Furthermore, the Assisted KYC solution is a comprehensive authentication service for financial institutions so they onboard and retain more customers with an accurate record of their identity. This is will help them align with the safety and authentication mandates from UAE’s Central Bank.”

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