The UAE Exchange announced the launch of its first multi-currency prepaid travel card, gocash in Middle East market. 'gocash' will empower travelers to move around the world hassle-free as it can be used across 34.3 million merchant locations and 1.5 million ATMs. A customer can load up to six different currencies on gocash. One of the significant advantages of gocash to the customer is the exchange rate lock facility that allows pegging the rate at the prevalent market price at the time of loading the card. This facility is available across 122 UAE exchange branches.
The company expects to launch a similar prepaid card in India as well. This card is in partnership with MasterCard in Dubai.