One of the biggest woes of any traveller - business or leisure ÔÇô is understanding the fluctuation in exchange rates. As most people prefer to exchange or withdraw cash at their destination, being aware of the currency exchange rates is highly critical, in order to avoid losing money. For a layperson, it might be challenging to understand and appreciate the rise and fall of currencies. So how do you wave good bye to your forex worries?
Here is the great news! With the revolutionary exchange rate-lock facility offered by gocash multicurrency prepaid travel card, you can manage foreign currency and travel hassle-free. This card also pegs the rate at the prevalent market price at the time of loading the card, so you know exactly what you have available to spend across services such as hotels, restaurants, shops and so on.
Powered by MasterCard and an advanced chip-and-pin technology, gocash card works like your regular Credit/Debit Card, giving you easy access to 34.3 million MasterCard-enabled merchant locations and 1.5 million bank ATMs around the world.
WhatÔÇÖs more? You can use it for online purchases too!
All you have to do is load your gocash card with money and travel the world. Remember you can load upto 6 currencies at a time (out of 16 currencies) and travel the world, without losing cash.
The culture of gaming is deeply entrenched today in our lifestyle. Unlike yester years, there isnÔÇÖt a stereotypical profile for gamers. Anyone could be a gamer today. The gaming genre has spread its roots far and wide catering to every interest area. According to the Entertainment Software Association (ESA), 32% of gamers are between the age of 18-35 years and 29% of them are under 18 years and 39% are 36 years and above. In parallel, the gender gap has been slimming as well due to the increase of female gamers in recent years (48% of gamers are females according to ESA). In terms of choices, action and shooting games still trump the top choices followed by sports, role-playing and other genres. Gaming is so engrained into every household these days that on a lighter note it is said that even grandmas know to play the Angry Birds!
According to Newzoo, the market intelligence firm, global gaming market will grow with a CAGR of +6.6% towards 2019, eventually reaching $118.6 billion with mobile gaming at $52.5 billion. It is noted to be one of the most profitable entertainment industries in the world with millions of tech companies worldwide pouring investments into the same. Moving from arcades to living rooms, gamers now play and compete against each other through the internet and cloud technology.
Most games require you to have an online account for upgrades or new game purchases. The plight of such gamers is the absence of a bank account deterring them from accessing the latest games and products offered. Keeping this challenge in mind, UAE Exchange has partnered with Sony PlayStation for co-branding its popular multi-currency pre-paid card, gocash. This means you donÔÇÖt need a credit or a debit card to buy your favourite game. All you need to do is simply load the gocash card with money and enjoy a one-stop payment method which can carry six currencies at a time including US dollars (USD).
Get your game on! Visit your nearest UAE Exchange branch to get your gocash card today!
Invention of the wheel gave movement to the world. Evolution of money increased its tempo. With it came the risks of carrying and using money in foreign lands. Evolution of plastic money brought some relief, but it still wasn’t foolproof. Both business and leisure travellers concerned themselves with these worries, awaiting a revolution to bring in a change.
UAE Exchange, the leading global remittance and foreign exchange brand, has always innovated for its customers. Thinking proactively for its customers’ convenience, the global money transferrer introduced gocash, the region’s first six-currency prepaid travel card.
Like every other product from UAE Exchange, gocash too received a warm welcome. The remittance brand’s principal membership with MasterCard gave an edge to gocash, giving it a wide acceptance across 34.3 million Point of Sale (POS) machines and 1.9 million ATMs. The traveller can use this unique card in a foreign land without worrying about fluctuating exchange rates, thanks to the exchange rate lock facility, which enables locking of the exchange rate prevailing at the time of loading the currency in the card. It then remains same till the next reload, saving money and ensuring peace of mind.
Customers can choose and load up to six currencies in a gocash card from a bouquet of 15. An authorised representative of the travelling customer can reload the card from any UAE Exchange branch across the UAE so that the traveller enjoys the convenience without hindrance. Its Chip and PIN feature further strengthens the security for the card. SMS and email alerts along with 24/7 customer care on phone and website www.gocashcards.com add convenience to the traveller.
* gocash is currently available for the residents of the UAE. Plans, to introduce it in other countries, are in the anvil.
UAE ExchangeÔÇÖs initiative to redefine travelling ÔÇö the gocash cards, have been well received in the market. Adding to the delight, we are glad to tell you that this first-of-its-kind travel card in the Middle East, is short listed for the Mobile Wallet Programme of 2013 award by PayExpo 2013.
PayExpo is one of the premier payments and prepaid events across the globe. This award recognizes early movers in introducing mobile wallets to the public. Gocash travel card is nominated is under the Financial institution or operator that has launched a successful mobile wallet service in the past 12 months category. The award will take into account usage rates and ease of use.
Cast your vote in three simple steps
1. Click on the link: http://svy.mk/Zsc9Av
2. Choose ÔÇÿGoCash CardsÔÇÖ under the Category ÔÇ£5. Mobile wallet programme of 2013ÔÇØ
3. Fill in the rest of the details and submit
Hurry up! Voting ends at 5 P.M. GMT on Friday, 31st May, 2013.
A prepaid travel card is foreign currency in the form of a card, which you can use for your spending purposes abroad. Also referred to as travel money card, a prepaid travel card is a plastic card similar to a credit or debit card in appearance. You can pre-load a card with a single foreign currency or multiple currencies of your choice. Prepaid cards offer the convenience of easy access to money when abroad without the need for a bank or credit card account.
Prepaid Cards Accommodate Various Spending Needs
You can use a prepaid travel card for your shopping needs, or to pay for your food, stay, and other services, when abroad, at all locations supporting the card; for example, if you are using a MasterCard prepaid travel card, you can use the card at all commercial locations accepting MasterCard. Just swipe the prepaid card to make a payment.
Prepaid Cards: Purchase, Exchange Rates and Top-up
Prepaid travel cards are offered by financial institutions such as banks, foreign exchange outlets, and money transfer service providers. You can purchase a prepaid card in person by visiting the service provider outlet. Many service providers also offer online card purchase facility.
Load your prepaid card with a select foreign currency or currencies of your choice. Load the card for as much amount as you want within the minimum and maximum limits specified by the card provider. There are single and multi-currency prepaid cards. Choose cards depending on your requirement; for example, if you are planning a vacation trip to multiple countries, a multi-currency card could be beneficial.
Some card providers may charge a fee towards card application. You can pay for the card and the amount you want to load, in cash, or using your debit card or bank account; check with the card issuer about their acceptable modes of payment. You may receive the card immediately or it could take a few days to reach you.
Exchange rates are applicable as according to the rate prevailing at the time of loading the card. But, some cards offer you the advantage of locked-in exchange rates. For example, cards such as Cash Passport (available in the UK, Australia, New Zealand, Brazil, and South Africa) and gocash (available in the UAE) lock in exchange rate applicable for the foreign currency at the time of load. The exchange rate remains the same till you reload the card. Ask your card issuer if their card offers such features.
Some cards may need to be activated on purchase. Some may require you to register to avail facilities such as card top-up. Get clear instructions from the issuer or read instructions on the card for using the card effectively.
You can reload, or check the balance on the card, by visiting an authorised retail outlet, or online, or through a phone call or SMS. Check with the service provider to know about the channels they offer for such activities.
Prepaid Card Benefits
You get the convenience of spending abroad with a swipe of the card. Prepaid cards eliminate the inconvenience of having to visit a money exchange outlet to encash your travellerÔÇÖs cheques (if you are of the habit of carrying them). With cash, there is always the risk of theft, which is eliminated with the use of a prepaid card. Even if the card is lost, you can get a substitute with your last balance, free of cost or for a fee, depending on your service provider.
Prepaid cards are not sourced from your bank or credit card account. So, in case of theft or misuse, your bank or credit card account remains intact, and you lose only the money available on the card.
You get to spend only as much as you load on the prepaid card; so, you donÔÇÖt have to worry about your spending going out of control.
Prepaid Cards: A Note of Caution and Precautions Exercise caution in purchase and usage of a prepaid card so that you do not lose money due to ignorance:
├»┬ü┬Â Ask the service provider about all applicable charges. There could be charges in the form of initial fees during purchase. Some service providers may levy a charge for withdrawing cash from ATMs abroad, or charge a percentage of every transaction executed abroad.
Some card issuers may charge a fee for the payment mode you are using for top-up; for example, you may need to pay a fee if you are using a credit card to reload your card.
Fees (usually monthly) may also apply if you have not been using your card for a specific period of time. There could also be fees if you want to redeem the balance on your card as cash.
Read the Terms & Conditions of the prepaid service provider thoroughly to know about applicable charges beforehand. ├»┬ü┬Â Use the local currency to make payments when abroad, if you are using a multi-currency card. Retailers make profit on exchange rates when you use your native currency. ├»┬ü┬Â Never disclose your prepaid card PIN number, to reduce your risk of losing money
UAE Exchange has yet another colourful feather on its cap. gocash, the first six-currency prepaid travel card from UAE Exchange, was honoured with the prestigious PayExpo award for 2013, in London. PayExpo is EuropeÔÇÖs esteemed exhibition event that brings to the fore the brightest and most promising innovations in the payment sector. UAE Exchange was conferred with the award at the International Exhibition and Convention Centre, ExCel, London, during the award ceremony held as part of the two-day PayExpo exhibition on 18th and 19th June, 2013.
gocash┬áis a first-of-its-kind prepaid travel card in the Middle East. Currently available in the UAE,┬ágocash┬áenables travellers to load up to six different currencies from a bouquet of 15, for their spending during travel.┬ágocash┬ácard makes foreign spending easier, safer, and cost-convenient, with its multiple features, including exchange rate lock facility and PIN protection.┬ágocash┬áenables users to withdraw at any ATM or swipe at any merchant location approved by MasterCard.
This prestigious award is a recognition to the UAE ExchangeÔÇÖs penchant for innovation, quality and customer convenience.
Exciting prizes await you on gocash Facebook page
Book your calendar from 15th Aug. to 13th Oct. 2013, to get busy with answering questions and winning prizes. gocash, the prepaid travel card from UAE Exchange, brings you Answer & Win contest where you stand to win several impressive gadgets, including a laptop, home theatre system, digital camera, walkman, iPad, and more, by answering three simple questions.
You should be a resident of the UAE to qualify for this contest. Participating in the gocash Answer & Win contest is easy in procedure:
├»┬ü┬Â Visit gocash Facebook page (www.facebook.com/gocashcards) on any day during the contest period ├»┬ü┬Â Answer three simple questions presented on the page ├»┬ü┬Â Submit your contact details┬áWin Exciting Prizes
The first winner in the gocash Answer & Win random draw on 20th October, 2013, wins an attractive Samsung Laptop. Nine other draw winners will be selected and will be presented with nine other attractive prizes each. To participate in this exciting contest, join us on Facebook by logging on to www.facebook.com/gocashcards. Get ready to claim your moments of fun!
For any clarification, please contact Mr. Alex Fernandes at Mob: +971-55-3165664 or mail us at┬áalex.email@example.com┬áwith ÔÇÿgocash Answer & Win Contest 2013ÔÇÖ in the subject line.
Terms & Conditions:
A big THANK YOU for all your support and overwhelming response to the gocash Answer & Win contest on our Facebook Page. We are humbled by your affection and encouragement. We are extremely thrilled to announce the lucky winners of the exciting contest, which you have transformed into a grand success.
And the lucky winners are:
1st prize: Isaac Oluwagbenga
2nd prize: Hetal Shah
3rd prize: Jose Francis Bearneza
4th prize: Shafaq Fatima
5th prize: Maura Hales
6th prize: Muhammad Saeed
7th prize: Elena Arsene
8th prize: Seema Shelat
9th prize: Daria Cota
10th prize: Abdur Rahim Chowdhury
Hearty Congratulations to all the winners! For any further clarification you may mail to firstname.lastname@example.org
Cardholders of gocash, the first six-currency prepaid travel card from UAE Exchange, can now travel with more peace of mind, as there is yet another convenience coming their way. The leading remittance and foreign exchange brand is joining hands with AIG, a leading international insurance organisation, to provide travel insurance to gocash cardholders. With this new agreement, customers travelling using a gocash prepaid travel card are covered for travel inconveniences, personal accident benefits, free medical benefits, round-the-clock assistance and more.
Speaking on the occasion, Mr. Promoth Manghat, Vice President ÔÇö Global Operations, UAE Exchange, said. ÔÇ£This kind of partnership for free insurance coverage is a first-of-its-kind arrangement in its class. UAE Exchange has once again set a standard and retained its position as a trendsetter in bringing the best to its customers. Towards this, we found the right partner in AIG. Both UAE Exchange and AIG carry high equity and trust amongst the customers. Such an offering is sure to receive a warm welcome. We take pride in partnering with AIG and look forward to transforming this relationship into a strong and meaningful one.ÔÇØ
Mr. Chandra Shekhar, Head of Consumers, AIG, Arabia, said, ÔÇ£AIG always looks for opportunities to add value and convenience to customers and in partnering with UAE Exchange, we are able to do this, as they share our values and approach. The gocash card is for the new generation of travellers and AIG understands their needs perfectly. Together with UAE Exchange, we can provide real protection for gocash cardholders, when they travel.ÔÇØ
In one go, gocash can be loaded with up to six currencies from a bouquet of 15. This hassle-free travel card comes from the trusted remittance brand, UAE Exchange, which has a principal membership with MasterCard. This enables the gocash cardholder to withdraw cash from over 1.9 million MasterCard-powered ATMs, make purchases from over 34.3 million merchant locations with MasterCard-powered POS machines and can be used online. Its exchange rate lock facility saves travellers from losing to currency rate fluctuations. Additionally this new travel insurance facility will make the trip more enjoyable and hassle-free.
The event for signing the agreement was attended by senior off
icials of UAE Exchange and AIG, along with special invitees and the Media.
About UAE Exchange:
UAE Exchange, the leading global remittance and foreign exchange brand, was established in 1980. In over three decades, UAE Exchange has built a formidable presence in 30 countries with over 700 direct offices, emerging into the largest globally networked brand in its class. Correspondent banking relationship with over 150 global banks fortifies its strength. The global money transferrer offers a range of services, which addresses multiple financial requirements including remittance, foreign exchange, bill payments and more, thus growing into a financial supermarket. Over 9000 professionals from over 40 nationalities strive to achieve excellence and bring delight to over six million customers, worldwide. This penchant for quality has won the ISO certified brand many global awards for quality & business excellence including Superbrands status for five consecutive years, earning the trust of customers, partners and regulators, thus emerging into the WorldÔÇÖs Trusted Money Transferrer. For more information log on to www.uaeexchange.com
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. In United Arab Emirates, AIG operates as American Home Assurance Company. AIG provides the full range of insurance solutions for individuals, families and businesses. These are distributed through an extensive network of brokers and partners across the UAE. With the launch of our new website (www.aig.ae), individuals can now purchase Car, Home and Travel insurance online.
The leading foreign exchange and money transfer brand partners with Al Mutmaez loyalty programme. Employees of the Government of the UAE, belonging to the Arab community, get exclusive discount on gocash, the six-currency prepaid travel card and on the Gold Card, the customer identity card from UAE Exchange.
UAE Exchange, the leading global remittance and foreign exchange brand, has partnered with a loyalty programme called Al Mutmaez, which means the VIP. Under this programme, UAE Exchange will offer UAE Government employees, exclusive discounts and offers on gocash, the six-currency prepaid travel card and Gold Card, the customer identity card of UAE Exchange. This offer is exclusively meant for Al Mutmaez loyalty cardholders belonging to the Arab community, who should also be employees of the UAE Government. This partnership was announced at an event in Dubai.
Speaking on the occasion, Mr. Varghese Mathew, Country Head ÔÇö UAE Exchange, UAE, said, ÔÇ£UAE is our flagship market. The benevolence of the UAE Government has contributed immensely in our progress. We are also grateful to the trust bestowed on us by our customers from the enterprising Arab community. As a token of our gratitude and appreciation, we offer this value-laden association, bringing more convenience and value addition to our customers, which have been our focus in all our endeavours.ÔÇØ
Mr. Gopakumar Bhargavan, CMO, UAE Exchange, said, ÔÇ£We have always explored partnerships that bring value to customers. We are glad to partner with Al Mutmaez loyalty programme, which will bring a smile of satisfaction to our Arab customers, who form a substantial percentage of our huge customer base. This association is yet another step in our efforts towards rewarding our customers for their loyalty and bringing them a world of value.ÔÇØ
Mr. Tariq Farekh, CEO ÔÇö Korooti, the programme managing entity for Al Mutmaez, said, ÔÇ£We are happy with our partnership with UAE Exchange, which shares our vision to bring maximum value to the customers. gocash is a unique travel card offered by UAE Exchange and is the apt solution for the local Arab community, which loves to travel the world. This partnership exclusively meant for UAE Government officials will surely help us in achieving our aim of total customer satisfaction.ÔÇØ
UAE Exchange is well known for its penchant to bring more value to its customers. Towards this, UAE Exchange has explored various partnerships and associations. Additionally it has also aggressively spread its footprints, worldwide. Today it has the largest branch network in its class with close to 700 direct offices across 32 countries. Its strong corresponding banking relationship with over 150 leading global banks adds to the might. With 133 branches in the UAE, customers can walk in to the nearest one to address their multiple financial requirements viz. money transfers, currency exchange, bill payments, salary collection and more, under one roof (Read more about our services).
The event was attended by senior officials of UAE Exchange, special invitees and the Media. For more information log on to: www.uaeexchange.com DonÔÇÖt forget to subscribe to our RSS-feed and follow us on Twitter, Facebook, LinkedIn & Google+ for recent updates.