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Egypt bans use of debit card abroad

Egypt's central bank has ordered banks to stop the use of debit cards for accounts in Egyptian pounds abroad, a central bank official said on Wednesday. "We sent a letter to bank chiefs today to stop the use of debit card

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India's Axis Bank launches debit card for NREs

Axis Bank, India’s third largest private sector bank, has announced the launch of the display variant debit card for its NRE (non-resident expatriate) customers. The EMV chip embedded, interactive debit card comes with a dis

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GCC to launch new debit card service

An integrated point of sale (POS) service that aims at facilitating purchases using debit cards within the GCC region through all POS terminals will be launched on Thursday, said a top Central Bank of Bahrain (CBB) official. Bahra

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Prepaid debit cards: Achilles heel in bank security

A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards. Cyber security experts and industry analysts say the burgeonin

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Emirates NBD, RTA launch debit card

Emirates NBD, a leading bank in the region, has joined hands with the Roads and Transport Authority (RTA) to launch the 'Go4it Visa Gold' debit card that can be used for making payments on the RTA transit network and at parking meter.

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Emirates NBD, RTA launch debit card

Emirates NBD, a leading bank in the region, has joined hands with the Roads and Transport Authority (RTA) to launch the 'Go4it Visa Gold' debit card that can be used for making payments on the RTA transit network and at parking meter.

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Credit cardholders alerted on US transactions

UAE residents who have used their credit or debit cards with a US-based trader last month have been advised to alert their banks about the transaction,  a report said. The move follows the reported hacking of a processor's system, the

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Egyptians opt to pay by cash: Report

Egyptians are opting for cash when dining out with 80 per cent choosing the traditional payment choice over a credit card, according to a new report by LivingSocial and YouGov. The social trends survey also suggests Egyptians are eating o

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Egyptians opt to pay by cash: Report

Egyptians are opting for cash when dining out with 80 per cent choosing the traditional payment choice over a credit card, according to a new report by LivingSocial and YouGov. The social trends survey also suggests Egyptians are eating o

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NBAD upgrades premium banking service

The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has upgraded its premium banking service, NBAD Elite, to offer affluent customers tailor-made solutions. The launch of the new face of NBAD Elite represents a strategic mile

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