UAE Exchange, YES BANK, and Rev Partner to Launch The Next Generation GoCash™ Multi-Currency Prepaid Card in India

AUSTIN, Texas and KOCHI, India, Dec. 15, 2014 /PRNewswire/ -- UAE Exchange, India, a renowned financial services brand and a leader in the foreign exchange business for more than a decade, and YES Bank, India's fourth largest private sector bank, together with Rev Worldwide, a global payment products innovations company, prepaid processor and program manager, have announced their partnership to launch the next generation GoCash™ Multi-Currency Prepaid MasterCard in India.

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The GoCash™ Travel Prepaid MasterCard is a reloadable card that lets users lock in exchange rates and convert currencies on the go before they use it at any MasterCard accepting merchant outlets, and to access cash at ATMs worldwide, revolutionizing how customers manage their money when traveling overseas.

The currencies supported on launch by the new GoCash™ product include UAE Dirham, Australian Dollars, U.S. Dollars, Euros, British Pounds, and Singapore Dollars. Customers can convert into these currencies real-time via web access or smartphone application after their initial load, giving the traveler more control and transparency over their exchange rate selection and charges when using the card abroad.

Known for providing innovative products and services that empower its customers to better manage their money, UAE Exchange has come up with yet another product that is sure to deliver for customers looking for a more convenient way to convert currency and manage money as they travel, with the launch of its next generation GoCash™ multi-currency travel card.

"With more than a decade of proficiency that has enabled us to take an insightful stance in the foreign exchange market, we are proud to facilitate added customer convenience with the introduction of this innovative travel card," remarked V. George Antony, MD, UAE Exchange, India. "UAE Exchange considers its customers part of its family, and as such we always look to deliver the best products and service that put the best possible value and convenience in the hands of our customers."

Mr. Pralay Mondal, Senior Group President, Retail and Business Banking, YES BANK, said, "This product is a next step towards us offering the best in class products to our valued customers. We are certain that our customers shall appreciate the unique features and convenience of this card."

"The launch of this product represents a strong alignment with UAE Exchange and YES BANK on our partnership commitment to make available the best product in market given the high demand for convenient and relevant travel products in the region and beyond," said John Mitchell, Chief Executive Officer, Rev Worldwide.

GoCash™ travelers will have access to iOS and Android mobile applications that will allow them to view account history by currency, manage six (6) currency wallets at a time, access a virtual card for online transactions, get account load service location detail, and the ability to report cards lost or stolen.

The cards will be available for purchase and reload at any UAE Exchange, India branch location, with more currencies supported already planned post launch.  For further info, please visit www.gocashindia.com.

Rev, the program manager and processing partner for this card, leveraging its global multi-currency and multi-lingual payments processing technology, provides complete program management services and strategic support to UAE Exchange, allowing them a faster time to market with more flexibility, from product design to implementation and growth.

About Rev Worldwide

Dedicated to driving widespread commercial availability of innovative financial services around the world, Rev Worldwide helps partners rapidly and effectively access hard-to-reach markets, enabling consumers to make affordable, safe and convenient financial transactions. Rev's full range of integrated mobile and prepaid debit solutions are issued by banks, powered by its multi-language, multi-currency processing platform. Learn more at www.revworldwide.com.

About UAE Exchange India

UAE Exchange, India the name that has created a benchmark in the arena of reliable financial solutions with wide range of versatile products ranging from Foreign Exchange, Send Money Abroad, Air Ticketing & Tours, Gold, Vehicle and Personal loan, XPAY, Domestic Money Transfer within India, Inward Money Transfer, Insurance and Share Trading, has 338 branches spread across the country dedicated to serve with impeccable services available across its 30,000 agent locations. The company focuses on introducing renowned standards in quality, innovation and consumer satisfaction that have increased its client base year after year.

UAE Exchange, India is the corporate member of ASSOCHAM, CII, FICCI, National Safety Council, ABCI, KCCI, and KMA. The company has a remarkable track record in the social front with awards and accolades adorning its path of diligence. It has depicted great care and consistency in field of education and greenery that have been recognized and awarded at various occasions, including the PRSI Award, Global CSR Excellence & Leadership Awards, CMO Asia Awards, Rashtriya Udyog Ratna Award, Quality Brands India Award, Human Capital Award, and the Money Gram Award for three consecutive years; and the Boss of the Year Award, as some of the covetous honors that have been endowed by various regulators.  For more information visit www.uaeexchangeindia.com.

About YES BANK

YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge-driven approach to banking, and a superior customer experience for its retail, corporate and commercial banking clients. YES BANK is steadily evolving its HR character as the Professionals' Bank of India, with the unrelenting vision of "Building the Best Quality Bank of the World in India" by 2020.  For more information visit www.yesbank.in.

Media Contacts

Rev Worldwide, Inc.
Bertrand Sosa
[email protected]

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SOURCE Rev Worldwide

Related Links

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