Al Zaman Exchange launches innovative Mastercard CashPassport prepaid card

Doha: Al Zaman Exchange, a leading company in financial services, has marked a significant milestone with the launch of its latest product, the CashPa...

Doha: Al Zaman Exchange, a leading company in financial services, has marked a significant milestone with the launch of its latest product, the CashPassport multi-currency travel prepaid card, in partnership with Mastercard. Designed to simplify travel finances and provide matchless convenience, safety and security, the CashPassport is set to transform the way travelers manage their money abroad.

Cardholders can load multiple currencies (USD, GBP, EUR, CAD, AUD, and QAR) onto one card and enjoy competitive exchange rates, allowing seamless transactions in different countries and locking in the exchange rate while spending in the same currency. They can use the CashPassport wherever Mastercard is accepted, covering millions of locations worldwide. In addition, they can visit Mastercard’s platform priceless.com to explore a wide variety of value-added offers and priceless experiences.

Users can load, reload and cash out the card through all branches of Al Zaman Exchange in Qatar. Once they get back from their travels, they can transact locally in Qatar by converting any foreign currencies to QAR, or they can cash out the remaining funds on the card.

This card is equipped with advanced security features, including chip and PIN protection, 24/7 customer support, emergency card replacement service and the option to lock and unlock the card through the Al Zaman Exchange mobile app. Moreover, while applying for the CashPassport, cardholders can request an additional card. In the event they lose the primary card, they can deactivate it immediately and will still have access to their money through the additional card.

The new product launch drew the participation of key Mastercard executives in Qatar, including Yousuf Zahran, Product and Program Manager, Supin Babu, Accounts Manager, and Shafeek Thahir, Accounts Manager. Al Zaman Exchange leadership was represented by Mohammed Anwar Sadath, General Manager, Dr. Zubair Abdul Rahiman, COO, Adarsha Shenava, Head of Treasury Operations, Santhosh Kesavan, Finance Manager, Anjala Sadath, BDO, and Muslim Uddin, BDO Bangladesh.