Mashreq shines again at The Smart Card & Payments Awards, Middle East

Leading financial institution, Mashreq won the awards for The Best Debit Card and The Best mPayment Innovation at the annual Smart Card & Payments Awards, Middle East 2014, held recently in Dubai. The awards, held annually mark the celebration of achievements in Payment products & platforms across the region. 

Nimish Dwivedi, Head of Payments, Mashreq said: “Mashreq does an encore of 2013, by winning two awards again in 2014, at this forum which recognizes the best across the Middle East. Mashreq’s ‘Payport’ (Best m-Payment Solution, 2014) & ‘The Platinum Supplementary Debit Card’ (Best Debit Card, 2014) are live examples of immensely successful, customer-centric & market defining product innovations in the UAE. The awards reflect & corroborate with distinction, Mashreq’s inherent strength and ability to remain at the vanguard of innovation while creating value for both customers & the bank.”       

‘Mashreq Payport’, is the region’s first fully EMV (Chip & PIN) compliant mobile point of sale solution. For businesses that are dependent on cash to facilitate home deliveries or at fast food counters, Mashreq Payport provides the ideal, convenient, secure and cost-effective solution. With Mashreq Payport, any smart phone can be converted into a payment acceptance terminal and all that is needed is to download the Mashreq Payport app and inserting the card in the Payport device. 

The Mashreq Visa Platinum Supplementary Debit Card, without the need of a joint account, is a one of its kind offering in the UAE which eliminates the need for money transfers altogether. With a Supplementary Card an account holder can enable any family member, to securely withdraw cash from an ATM or pay for retail purchases at merchant outlets, across the globe. The card is issued without any additional documents & can be delivered, free of charge, anywhere in the world. The Supplementary Debit Cardholder enjoys complementary travel insurance, exclusive dining & travel discounts and fee waiver on ATM withdrawals outside the UAE, while the Primary cardholder continues to earn Salaam rewards on retail purchases. The primary cardholder maintains, at all times, the flexibility to set cash withdrawal & purchase limits on all supplementary cards.