Pre-paid travel card relaunched

Doha Bank, in partnership with Regency Travels Group, has re-introduced their co-branded pre-paid travel cards to corporate clients. The relaunch event of the Traveller pre-paid cards, which was hosted in the Doha Bank’s Tower in West Bay, was attended by a cross-section of Doha Bank wholesale, corporate and small- and medium-sized enterprise customers as well as corporate clients’ trade partners from Regency Travels. “This unique reloadable pre-paid travel card is now the key to foreign exchange savings and expense management as well as a variety of uses and purposes including business and leisure trips, online shopping and even for students going forward,” Nabil Tabbara, executive manager for retail banking at Doha Bank, said. For ease, convenience and flexibility, the Travel Pre-Paid MasterCard card is made available in three currencies – the US dollar, the euro and the pound sterling. Customers will benefit greatly as they will not be affected by critical exchange rate fluctuations when using the travel card anywhere around the world. Other benefits of the card include protection against counterfeiting as the card is EMV-compliant, making it much safer than carrying foreign currency notes. Because the card can be reloaded with ease, it also saves customers the hassle of carrying bulky currency notes during their travel. With free SMS alerts and online access, customers could keep a track on their expenditure with relative ease, allowing them more freedom and flexibility. The cards are available at selected branches of both Doha Bank and Regency Travels. EMV is a global standard for credit and debit payment cards based on chip card technology. The name EMV comes from Europay, MasterCard and Visa, the companies that in 1994 initiated development of the EMV specifications.