Global Processing Services FZLLC (GPS), a leading prepaid processor, and Noor Bank have partnered together for the launch of the Emaar Gift Card
Noor Bank will be the issuing bank as part of the collaboration.
GPS is an accredited processor that operates globally processing Credit, Debit and Prepaid transactions with MasterCard and Visa. GPS was established by the founders of a successful programme management company, who identified weaknesses in prepaid processor capability. The platform was built from the ground up and is tailored to prepaid card functionality, utilising the multi-year experience gained from operating a high-volume programme management business. GPS is accredited to process globally and currently operates in Europe, Middle East, Australasia, Canada and the USA.
The Emaar Gift Card is a MasterCard branded Chip and PIN prepaid Card, the first Chip and PIN gift card to be brought to the Dubai market. “In partnership, all parties have worked to develop a unique Prepaid gift card” said John Kerr, Head of Region MENA from GPS, “and we are delighted to have been a contributing party applying our extensive experience in developing and delivering a gift card programme.“
The Emaar Gift Card is the first programme between GPS and Noor Bank to launch with pipeline work to follow. Speaking about the card, Ehsaan Ahmed, Head of GTS and Corporate Strategy, Noor Bank, said, “There is a significant opportunity for banks and financial institutions to offer smart pre-paid card solutions in the UAE market. We are pleased to be a partner of this initiative, which provides customers with a convenient alternative in this part of the world.”
Noor Bank is a leading Shari’a compliant bank in the UAE. All of its products are Shari’a Compliant and are governed by a Shari’a board comprising leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters.
The ‘absolutely everything’ gift card offers the elegant convenience of shopping at over 1,600 retail stores and dining in at more than 400 restaurants in Dubai, the Emaar Gift Card is the only one-of-its-kind offering that provides users convenient choices for all their retail, dining and leisure services. The complete list of experiences is available at www.emaargiftcard.com