الخميس، 21 أغسطس 2014

UAE: Demand doubles on prepaid travel cards


Doubled the demand for prepaid travel cards "Travel Card" in the local market, which issued some exchange companies, during the current summer season, compared with the corresponding period of last year, according to bankers. They said, according to the newspaper «Union» The number of customers who hold this card from the UAE exceeds 50 thousand clients currently, indicating that it is used as a substitute for cash Cache to meet the needs of travelers, while traveling abroad. 

Wi said Sudhir Kumar Shetty, Director General of the UAE Exchange Centre The prepaid travel card "Travel Card" can enhance the safety factors for travelers, and avoid them falling into the problems of exchange rates and the price difference of the currencies in those countries to which they go. 

He explained that the prepaid card holders to help avoid exposing their bank accounts for any possible breach, because they will not be forced to use ATM cards to their accounts Banking Private Banking. 

He pointed out that the cards "Travel Card" is issued valued at a maximum of 5 thousand dollars, and the customer can choose 6 coins per card of 15 currency is currently available for travelers. 

He explained that these cards are packed in the currency of the country in which the customer wishes to travel to him, where he can pay for purchases in local currency or to withdraw cash from an ATM in the local currency of that country, without being liable to pay the difference in exchange rates, which may be a big difference in some countries. 

In response to a question about the technical problems and difficulties faced by some clients of the users of this type of card, Shetty said that some card users "Travel Card", sometimes face problems or difficulties arising from the misuse of the client. 

He explained that some people, for example, misses the enter the PIN of the card, and when it repeats again more than once, the ATM machine to order the card, in which case the client shall immediately inform the call center "call center" dedicated to customer service in the UAE, in order to be stop the card and then work on the retrieval. 

He pointed out that some of the problems or difficulties faced by customers sometimes be caused by a technical defect or malfunction in the system or technician ATM or payment devices in that country, and has nothing to do card system itself. 

He said that the amount that did not distract from the card or the card remaining in the client can restore it after returning to the state. 

The UN World Travel & Tourism predicted in a report issued by the time earlier this year, that brings the total expenditure of the population of the United Arab Emirates on travel and tourism abroad to around 76.2 billion dirhams this year, compared with 71.9 billion dirhams last year, an increase of 5, 9%. 

The Council noted in its annual report, that it is expected to increase the size of the population of the state spending on travel increased by 2.2% per year to reach 137.4 billion dirhams by the year 2024. 

Shetty added that the cards "Travel Card" certified within a global network, including 1.9 million ATMs and 34.5 million outlets in various countries of the world. 

For his part, said Ali Ansari, General Manager Reza Ansari Exchange that "Travel Card" card is packaged in advance a specific value of the currency in which you want to travel to, but once. 

He explained that the pre-packaged card can be used abroad to withdraw cash in the currency of that country pre-packaged and can be used for purchases. 

He pointed out that there is a great demand for this type of card is growing constantly because they are safer than cash Cache. 

He added that the use of bank cards for calculating the client issued from a bank in the state in foreign markets for purchases or cash withdrawals, incurring the customer cost is much higher, because the card is covered with AED and when payment is made in a foreign currency abroad is calculated exchange rate very high paying client account bank. 

Ansari pointed out that some banks have become the state issued cards to its customers in dollar or the euro, but this is conditional possession of the client to a bank account denominated in foreign currencies, with the issuing bank of the card. 

He said: prepaid card safer and less expensive, however that this kind of cards began to appear about two years ago, but today it has become widespread and the demand for them is increasing at high rates. 

For his part, Hassan Ahmed said the citizen that he has extracted the prepaid card "Travel Card" from one of the exchange companies last week for the first time. 

He explained that he intended to travel with his family to Australia via Singapore and it fills the card close to 5 thousand dollars, but only two currencies, namely the Australian dollar and the Singapore dollar.

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