RAKBank launches contactless payment card

RAKBank recently launched the RAKBank RED MasterCard Credit Card, the Bank's first contactless payment card. Through Tap & GoTM contactless payment solution, holders of the RED MasterCard Credit Card can make a payment simply by tapping the Card at enabled POS terminals to process the transaction in just a few seconds. This means fewer queues and less time spent making a payment.
The RAKBank RED MasterCard Credit Card, which is accepted globally, has no annual fee, offers unique discount rates of up to two per cent on both local and international transactions, and extends one free remittance to India through RAKMoneyTransfer. In addition, cardholders benefit from dining offers at over 220 restaurants and outlets across UAE, various insurance covers such as credit shield, purchase protection and travel accident, and being part of the Bank's "Dream It. Live It." rewards programme.
"RAKBANK is committed to empowering customers with technology-based solutions that save their valuable time and money," said Ian Hodges, Managing Director of Retail Banking at RAKBANK. "We always strive to offer our customers a convenient and hassle-free banking experience whether through our award-winning Mobile Banking, MobileCash, and web chat solutions, or with our recently launched MasterCard® contactless Tap & GoTM facility via the RAKBANK RED MasterCard® Credit Card."
The RAKBANK RED MasterCard® Credit Card is the third credit card launched by the Bank in less than 12 months. The Bank previously launched the RAKBANK World MasterCard® Credit Card, which offers up to 10% cashback on travel, hotel dining, and supermarket spends, and a co-branded KALYAN JEWELLERS MasterCard® Credit Card, which offers loyalty points that can be redeemed against jewellery purchases at any Kalyan Jewellers showrooms in the UAE.
- business@khaleejtimes.com