Mashreq launches credit card for SMEs
Dubai, July 17, 2013
Mashreq has launched its Platinum Business MasterCard credit card, for small and micro businesses.
The credit card is designed to offer payment convenience to SME customers, whereby owners, proprietors and authorised signatories can get the primary card and extend the same benefits to their employees through supplementary cards with limits for each card, said a statement.
The card can be uniquely customized with the organisation name embossed on the plastic cards issued to each employee.
The card also offers discounts across a wide range of SME-relevant services including car rentals, office supplies, hotel apartments and courier services.
Nimish Dwivedi, head of Payments, said: “The SME segment is rapidly evolving and needs a comprehensive payments solution that helps them with convenience, savings and control. The Mashreq Platinum Business MasterCard Credit Card provides a power packed solution that ensures unmatched savings and never before convenience for this segment.”
Rohit Garg, head of Business Banking, said: “At Mashreq, we are fully committed to support the SME segment as it is an important contributor towards the economy. Our goal is to offer a suite of products and services which fulfills each and every need of our customer’s businesses and helps in making their business successful.”
The card offers a guaranteed 1.25 per cent cash back on every dirham (27 cents) spent at any outlet in the UAE and a 2.5 per cent for spending worldwide. It is also free for life with no annual fee, said the statement.
Additionally,the entity will also receive up to 25 per cent discounts across over 650 restaurants located in the country with the Mashreq Flavors programme and exclusive offers on tickets with Mashreq’s Travel Programme, it said. - TradeArabia News Service