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UNB, Abu Dhabi Co-op to Jointly Launch Visa Card
ABU DHABI — Union National Bank, or UNB, and Abu Dhabi Co-operative Society have joined hands to launch a Visa credit card, which will offer several incentives to the customers.
The customers who are having the new ‘UNB Abu Dhabi CO-OP Society “Extra” Credit Card’ will get a 3.5 per centcash back on all purchases from Abu Dhabi Co-operative Society and exclusive discounts up to 50 per cent in various sections of the society including the Costless
Electronics Section.
Sales through the plastic cards account about nine per cent of the total annual business volume of nearly Dh1.5 billion of the Abu Dhabi Co-operative Society, Georges M J Mojica, General Manager of the society, told a Press conference after the launch of the card. The society’s business is growing at 20 per cent annually, he said.
According to him, about 10 per cent of the Abu Dhabi residents visit the retail outlets of the Abu Dhabi co-operative society every day, and the daily transactions are about 45,000.
The retail chain controls about 40 per cent of the market share in that segment of business in Abu Dhabi.
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