MAF Finance and MasterCard in pan regional deal
Majid Al Futtaim Finance LLC, the financial services division of Majid Al Futtaim Ventures, is working with MasterCard to launch prepaid solutions in Egypt, Qatar, Lebanon and Oman.
March 25, 2013 3:39 by kippreport
As part of the first phase of the three year programme, the companies will jointly introduce Mall Gift Cards available at MAF Properties’ malls in addition to offering the MyNetCard, Just For You Gift Cards and Payroll Cards.
“Over the last few years our prepaid solutions across the Middle East region have witnessed great success as regular visitors to Majid Al Futtaim Properties’ City Centre shopping malls across the region have experienced great value and rewards from our products,” says Rasool Hujair, CEO, MAF Finance.
Raghu Malhotra, division president, Mena, MasterCard adds: “Developing customised prepaid solutions is one of our key strengths and we are excited about our engagement with Majid Al Futtaim Finance as consumers across key countries in the MENA region will now have yet another opportunity to experience our innovative payment solutions.”
The Mall Gift Cards can be used at retailers participating in the programme.
The MyNet Card is also a prepaid card that can be used for shopping online and other transactions without even having a bank account.