Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Network International launches first UAE-focused payment programme in prepaid space
 
Network International launches first UAE-focused payment programme in prepaid space

• Mercury – UAE's first domesticprepaid programme to enable direct card issuance and merchant acceptance
• Support for prepaid variants including Payroll, Gift and Travel

Dubai, UAE; April 22nd, 2013: Network International LLC, the leading independent payment solutions provider in the Middle East and Africa region, announced today the launch of “Mercury,” the first ever UAE-focused closed loop prepaid programme which will facilitate the direct issuance of a wide range of domestic prepaid cards. Through the Mercury platform, Network International plans to offer UAE residents a wide range of cost-effective and value-added domestic prepaid payment alternatives.

The Mercury platform will enable the acceptance of these cards at all Network International POS terminals, and ATM's of participating member banks, across the UAE.

The launch of Mercury is in line with Network International's strategic objective to offer pioneering solutions in the payment space, and follows closely from its recent launch of the world's first EMV-compliant mobility solution.

Mercury brings to the UAE market a much-needed and long awaited prepaid payment program, through which customers can leverage and enhance the overall prepaid experience. Combining value-added functions like ‘Loyalty', ‘Bill Payments', ‘Remittances' and ‘Top-Ups' to name a few, the Mercury program promises to transform the prepaid experience by launching UAE-centric products, and at the same time improve business profitability.

“Being a pioneer of card management solutions, we constantly look at bridging market gaps through innovative service offerings, and the launch of Mercury is part of our customer-focused strategy to meet the growing needs of our clients, and end users in particular,” saidBhairav Trivedi, Chief Executive Officer, Network International. “The launch isin response to increasing customer demand for innovative prepaid programs in the UAE and we are confidentthat this willtransform the manner in which transactions are processed in the market.”

Paolo Zambonini, Executive Vice President of Product and Marketing, Network International, added that “With the launch of Mercury, Network International becomes the first company in the UAE to offer a platform that enables members to issue a private label prepaid card and have this accepted in a completely closed-loop environment, thereby improving transaction-level profitability for Issuers.”

Zambonini added that “our aim is to serve the UAE with winning and innovative payments solutions, and additional announcements will follow in due course outlining even more value that Mercury will bring to the markets we serve”.
-Ends-


Posted by : Dubai PR Network Editorial Team
Viewed 9784 times
PR Category : Banking & Investments
Posted on : Wednesday, April 24, 2013  12:32:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : “Women in Business”
Next Story : "GROWING USE AND FUNCTIONALITY OF CALL CENTRES TO BE FO...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City Centre Mir... [7601-Views]
Restoration by Parmigiani Fleurier -The Yusupov Egg [6265-Views]
Sandro Launches Evening Capsule Collection [5923-Views]
Enjoy Smoother Skin with the current obsession from PMD - The Personal Microdermabrasion R... [5734-Views]
A new model for the ladies enriches the Corum AC-One collection with luscious femininity [5478-Views]
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the City to Be ‘I... [5106-Views]
Energize & Refresh Your Skin With the Foreo Luna 2 for Men [4990-Views]
Saif bin Zayed unveils first floating Smart Police Station [4685-Views]
Save the Children Jordan launches TREE program “Transforming Refugee Education towards Exc... [4380-Views]
Cambridge Assessment English witnesses a huge demand for OET (Occupational English Test) a... [4178-Views]
GITEX hosts global AI expert, international CEOs and honours retail, smart city and startu... [4032-Views]
Aquaplex with an eye on the future expansion of Specification sales, launches new Sales of... [4002-Views]
From Dubai Police's floating police station to Etisalat's Lazareth Flying Motorcycle – ele... [3910-Views]
Hazzaa AlMansoori's return to the UAE is scheduled for Saturday 12th October [3752-Views]
du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledge-Based Ec... [3752-Views]
Hazzaa AlMansoori reveals post flight details in a press conference [3739-Views]
Hamdan bin Mohammed calls on the city to be ‘In It Together' for the Dubai Fitness Challen... [3544-Views]
The new urban warrior unleashed - Corum injects modernity and athleticism into its Admira... [3544-Views]
Dubai's LIFEPharma signs historic agreement with Apotex Inc., the largest producer of gene... [3532-Views]
6 Ways To Wear The Houndstooth Print [3532-Views]
One stop shop for classifieds and deals in UAE- QUOODO.com [3514-Views]
Al Tayer Battles on in China After Aquabike Setback [3422-Views]
More than 1,900 beneficiaries at Al Mizhar and Umm Al Sheif Islamic Cultural centres in th... [3404-Views]
Marks & Spencer Launches Its New Sleepwear Collection for AW19 [3398-Views]
The Coffee Club in Al Bateen, Abu Dhabi re-opens with a refreshed new look [3379-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories