In collaboration with Al Baraka Islamic Bank and Nonoo Exchange Company in Bahrain, MasterCard has launched the world’s first MasterCard Platinum Prepaid Travel Card namely ‘My Card’ in Middle East.
With the My Card, consumers can now load up to 5 foreign currencies that include the US Dollar, Great Britain Pound, Euro, Emirati Dirham and the Bahraini Dinar which helping consumers to avoid inconsistency in the exchange rate offered by various financial institutions while traveling overseas. There is no additional exchange fee during transaction will be levied if cardholders spend in the currency of the card and no mark ups will also be charged on exchange between the 5 currencies.
In addition, the My Card holders will also enjoy global acceptance through 34.4 million outlets and 1.9 million ATM’s, wherever the MasterCard and Maestro logos are applied. Cardholders can also use My Card to shop online, purchase in stores and also withdraw cash.
by Alice Lee