Dynamic currency conversion for Visa card offered by Emirates Islamic for the first time among other Islamic banks in UAE
Emirates Islamic is the initial Islamic bank in the UAE offering visitors to the nation the choice to complete unique dynamic currency conversion of their money withdrawals when utilizing their Visa card at any Emirates Islamic ATM across the nation.
The initiative pursues a fruitful pilot by Emirates NBD Group in association with Network International, the main empowering agent of advanced digital commerce over the Middle East and Africa (MEA) region, Visa, the world head in digital payments, and technology supplier, Planet.
Non-UAE Visa cardholders will currently have the option to see the exact conversion amount and expenses in their home currency before making money withdrawal. This will be controlled via Planets dynamic currency conversion solution, covering more than 130 foreign currencies and integrated by Network International over Emirates Islamics ATM network country-wide.
Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic, stated: We are satisfied to now offer unique dynamic currency conversion alternatives all through our broad ATM network, which will better encourage cash withdrawals for visitors to the UAE. As the nations driving Islamic bank, Emirates Islamic stays focused on making banking progressively available, convenient and compensating for inhabitants and visitors alike.
Samer Soliman, Managing Director Middle East, Network International, stated, As the pioneering influencer of digital commerce in the Middle East and Africa, Network International is glad to offer consistent and transparent currency conversion to our customers with inclusion of more than 130 currencies. We stay focused on including an incentive or our customers and anticipate future coordinated efforts that help our promise to improve the UAEs banking and payment ecosystems.
Simon Marsden, Managing Director, EMEA, Planet stated: We are glad to join with Network International to be the first in the UAE to offer a top tier Currency Conversion at ATM solution. We are anticipating taking off to over a thousand ATMs alongside Network Internationals tremendous experience and knowledge in the MEA area.
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