Commercial Bank launches Mastercard multicurrency travel prepaid cards in collaboration with leading exchange houses in Qatar

​25 June 2024 - Doha, Qatar: Commercial Bank, a leader in innovative digital banking in Qatar, has announced the launch of the new Mastercard multicurrency travel prepaid cards in partnership with leading exchange houses in Qatar. The cards are currently available at all Al Fardan Exchange branches, Al Zaman Exchange, Gulf Exchange, Al Dar Exchange and City Exchange.

Customers can add foreign currency (USD, GBP, EUR, CAD, AUD, QAR) on a reloadable prepaid travel card that provides a more convenient and secure way of paying with foreign currency than carrying cash when traveling. This card can be used at any point of sale (POS), e-commerce platform and ATM locally and internationally, wherever Mastercard is accepted.

The Card is designed to bring ultimate convenience and peace of mind to customers while traveling: It is linked to a dedicated mobile app, which provides cardholders with real-time access to their spending balances and transaction history. The app also offers the functionality to instantly switch funds between available currencies or immediately block the card if lost or stolen. The card can be reloaded at any of the participating exchange house branches in Qatar, making it ideal for all travelers.

Shahnawaz Rashid, EGM and Head of Retail Banking at Commercial Bank, said: “We are proud and honored to have this collaboration between Commercial Bank, Mastercard and leading exchange houses in Qatar. We are introducing a one-of-a-kind multicurrency reloadable prepaid card that is the perfect companion for all travelers. This launch is a testament to the Bank's commitment to bringing innovative banking solutions to customers. The simplicity of use and the consumer-friendly interface enable the cardholder to be in control of what they do with their multicurrency travel prepaid cards."

From having a tech-driven mindset to offering easy-to-navigate digital services, Commercial Bank continues to serve the market with convenient, customer-friendly and secure banking solutions in Qatar. Its relentless efforts to bring the most advanced banking solutions have positioned it as the industry's game changer and a leader in innovation.

Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said: “In line with our commitment to connecting people to their passion for travel, we are keen to offer them seamless and secure payment experiences that give them peace of mind while on the road. We are delighted to partner with Commercial Bank to bring the innovative multicurrency travel prepaid cards to its customers."

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