FAB World Business Card launch

Technology

FAB, Mastercard partner to launch debit card for SMEs in the UAE

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First Abu Dhabi Bank (FAB) world business debit card holders gain access to discounts offered by partner companies in sectors such as web design, corporate training as well as hospitality and recruitment.

Thursday 16, May 2019 BY KUDAKWASHE MUZORIWA

UAE’s FAB has partnered with Mastercard to launch its world business debit card aimed exclusively at SMEs.

The debit card is designed to provide greater financial flexibility with higher daily cash withdrawal and point-of-sale purchase limits, greater security with double-authenticated ‘chip and PIN’ transactions as well as greater convenience with contactless payments.

Vikas Thapar, the Head of the Business Banking Group at FAB, said, “With SMEs being such an important part of the UAE’s economy, the FAB world business debit card provides the support and financial flexibility entrepreneurs need to achieve their goals.”

The debit card offers all regular Mastercard features such as worldwide acceptance, dining offers as well as travel discounts and insurance coverage among others.

“The launch of the World Business Debit card is hence a natural step forward in that direction, creating greater financial flexibility and convenience for SMEs, who continue to be the key drivers of the UAE economy,” added Girish Nanda, the General Manager of Mastercard UAE and Oman.

TAGS : First Abu Dhabi Bank, Mastercard, World Business Debit Card

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