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December 17, 2014

UAE Exchange, YES BANK and Rev to launch multi-currency prepaid card in India

UAE Exchange, India, a part of the Abu Dhabi-headquartered foreign exchange business, YES Bank, an Indian private sector bank, and Rev Worldwide have joined hands to launch the next generation GoCash Multi-Currency Prepaid MasterCard in India.

By Verdict Staff

UAE Exchange, India, a part of the Abu Dhabi-headquartered foreign exchange business, YES Bank, an Indian private sector bank, and Rev Worldwide have joined hands to launch the next generation GoCash Multi-Currency Prepaid MasterCard in India.

The GoCash Travel Prepaid MasterCard will allow overseas travelers to convert currencies real-time via web access or smartphone application after their initial load, providing control and transparency over their exchange rate selection and charges when using the card abroad.

The new reloadable card will initially support conversion into UAE Dirham, Australian Dollars, U.S. Dollars, Euros, British Pounds, and Singapore Dollars with more currencies to be supported post launch.

GoCash, also available as mobile app for iOS and Android, will allow users to view account history by currency and manage six currency wallets at a time and can be availed and reloaded at any UAE Exchange, India branch.

Rev, the program manager and processing partner for the card, will leverage its global multi-currency and multi-lingual payments processing technology to provide complete program management services and strategic support to UAE Exchange.

John Mitchell, CEO of Rev Worldwide, said: "The launch of this product represents a strong alignment with UAE Exchange and YES BANK on our partnership commitment to make available the best product in market given the high demand for convenient and relevant travel products in the region and beyond."

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