The Mashreqbank UAE Gate Prepaid MasterCard card recently received a MasterCard Product Award during the MasterCard Asia Pacific Middle East and Africa (APMEA) Product Forum held in Hong Kong on August 3rd and 4th, where MasterCard Worldwide honored excellence in card innovation and operation. The recently launched eGate card constitutes the first combined MasterCard payment card and electronic immigration identifier in the APMEA region.
Abdul Aziz Al Ghurair, CEO, Mashreqbank, accepted the award on behalf of Mashreqbank. The Mashreqbank UAE Gate Prepaid MasterCard card was successfully chosen for achieving huge success since its launch. The Mashreqbank UAE Gate Prepaid MasterCard card can be used for immigration clearance at eGates in Abu Dhabi and Dubai airports. There are plans to enable acceptance at eGates at other UAE airports in the future. DATEL, the company that powers the eGate systems at all UAE airports used innovative MasterCard payment technology to develop this exclusive prepaid card.
The MasterCard Product Awards, which cover the APMEA region, recognize excellence and best practice in card product innovation and operation in a variety of categories, such as Debit Cards, Contactless Payments, Consumer Credit, and Corporate Payment Solutions, over the past 12 months. The panel of award judges was comprised of senior executives from MasterCard Worldwide.
“Mashreqbank is very proud to be recognized with such a prestigious award. This truly proves the success of the collaboration with MasterCard to launch the eGate card. The award definitely motivates us to offer other new services and to look out for new collaborations, which results in innovating our services for our customers,” said Abdul Aziz Al Ghurair, CEO, Mashreqbank.
Denzil Lawson, General Manager, Middle East and Levant (ME&L), MasterCard Worldwide said: “MasterCard is honored to present Mashreqbank with a MasterCard Product Award for excellence in product innovation and operation. We are delighted to collaborate with Mashreqbank, an esteemed customer bank, passing on our expertise to offer unique technologies to enhance services and promotions. Technology is expanding the scope of the services that payment solutions leaders like MasterCard can offer and we need to ensure that the industry is cooperating with financial institutions to provide the best benefits possible.”
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes close to 14 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information, go to www.mastercardworldwide.com.
Mashreqbank
Mashreqbank is the largest private bank in the UAE. It is also the country’s second oldest commercial bank, having originally been established as Bank of Oman in 1967 and changing its name to Mashreq – which in Arabic means both sunrise and the East – in 1993.
With 46 branches in the UAE, four in Qatar, two in India and one each in Bahrain, Egypt, Hong Kong, United Kingdom and United States of America, its considered to be one of the fastest growing banks in the region
Mashreqbank has received numerous international awards, particularly for quality management. According to independent researchers it has more ISO certified operations than any other bank in the region “by a wide margin”.
