MasterCard and CASHU, one of the top players in the online payment industry in the Middle East and North Africa (MENA), has launched its first CASHU Virtual Prepaid Card in the UAE.
The deal includes Noor Bank, a Shari’a compliant bank in the UAE.
UAE residents with a registered CASHU account will be able to create their Virtual MasterCard Prepaid Card instantly, to make payments on e-commerce portals that accept MasterCard.
As a promotion, the card will be available for users to request free-of-charge for a period of 90 days from launch. CASHU plans to launch similar virtual cards for other markets in the region in the near future.
Thousands of merchants across the globe rely on CASHU to help grow their businesses in MENA, via CASHU’s easy-to-implement, prepaid products and services. CASHU’s payment platform has the most sophisticated and up-to-date fraud prevention and AML (anti-money laundering) systems, reducing the risks associated with online payments for both buyers and sellers.
The launch of the CASHU Virtual MasterCard Prepaid Card in the UAE, represents the first phase of the company’s prepaid card strategy, with similar cards planned for other key Arab markets, future value-added features and plans for physical CASHU prepaid cards.
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