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Multi Currency Prepaid Card

Multi Currency Prepaid card is a Visa co-branded card program for medical treatment purposes to facilitate usage outside of the UAE.

Central funding from the governmental entity’s account towards the cards is through access of a system portal with an approval work follow (maker-authoriser).

Cardholders will be able to use the Multi Currency cards for international POS and cash withdrawal under a secure environment, with Chip and PIN and contactless authentication, without the need to manage FX exposure.

FAB offers the Multi Currency Prepaid card to Government and Federal Entities within UAE, which are banking with FAB, hence cardholder KYC is limited to the entities offered with the card program.


Features and Benefits

General features and benefits availed to the Government client:

  • Up to 24 currencies on either one card (multiple currencies) or one currency per card (single currency)
    Dedicated call centre 24/7 to respond to cardholders’ inquires
    Eliminates the risk of carrying cash in multiple currencies for the cardholder
  • Client access to Online Portal for complete card management
    Mobile app to support cardholders inquiries
    Locked FX rates and no incurred FX charge on cards
  • Options for bulk reload or individual reload through client portal
    Ease of use, safe and convenient, Chip and PIN, contactless card
    Funds are debited directly from government accounts in FAB

Supported Currencies

Multi-currency program supports a variety of currencies where it includes the following and many others:

List of Countries Currencies
US USD
Europe EURO
UK GBP
Singapore SGD
Thailand THB
Egypt EGP
India IND
Korea KRW
UAE AED

Online Portal

Multi Currency card online portal offers a range of services that makes it convenient, secure and easy to manage your cards portfolio.

Clients will have access to real-time transaction activities online for the Multi Currency card module to issue and activate cards and perform actions on cardholders, as well as upload Payment files in a secured environment from the convenience of your office.

Dedicated individual(s) from the entity will be given access to the secured Online Portal under agreed Terms & Conditions.

Automated, scheduled and self generated reports to provide visibility on the program performance.

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