Kippreport’s top insights from the Digital Media ForumMarch 29, 2015 11:16
Prepaid cards available across the UAE
May 23, 2013 11:45 by kippreport
Majid Al Futtaim Finance and MBME launched “The Cube”, a new kiosk technology for Prepaid cards.
With two key prepaid products on offer, the LOADnSHOP and MyNetCard users can recharge these cards at more than 400 locations across the UAE with 24/7 access in some locations.
The LOADnSHOP functions similar to a credit card, and can be reloaded with funds. The MyNetCard is a one-time use prepaid card for online shopping and entertainment.
Prepaid cards have been one of the fastest growing industries in the Middle East, with revenue from prepaid sales in the UAE alone expected to reach $18.4 billion by 2015.
“Prepaid cards are the new generation of shopping for this region, and Majid Al Futtaim Finance is amongst the pioneers of the industry in the UAE,” said Rasool Hujair, CEO of Majid Al Futtaim Finance.