UAE-based RAKBANK has introduced its first contactless payment card, called RAKBANK RED MasterCard Credit Card.
The Tap & Go contactless payment solution will enable customers to make a payment simply by tapping the card at enabled POS terminals.
The bank said that its newly launched credit card will be accepted globally and it will not charge any annual fee for the card.
The contactless payment card will also provide various insurance covers such as credit shield, purchase protection and travel accident, the bank added.
RAKBANK retail banking managing director Ian Hodges said: "We always strive to offer our customers a convenient and hassle-free banking experience whether through our award-winning Mobile Banking, MobileCash, and web chat solutions, or with our recently launched MasterCard contactless Tap & Go facility via the RAKBANK RED MasterCard Credit Card."