Business & Money | Wednesday 18 September, 2019 1:39 am |

Visitors to the UAE will now have the option of choosing to carry out dynamic currency conversion of their cash withdrawals when using their Visa card at any Emirates NBD ATM across the country.

 

The initiative follows a successful pilot by Emirates NBD in partnership with Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, Visa, the world leader in digital payments and international payments services, and technology provider, Planet.

 

Non-UAE Visa cardholders will now be able to view the exact conversion amount and fees in their home currency before making a cash withdrawal. This will be powered by Planet’s dynamic currency conversion solution, covering over 130 foreign currencies and integrated by Network International across Emirates NBD’s ATM network country-wide.

 

Suvo Sarkar, Senior EVP & Group Head – Retail Banking & Wealth Management at Emirates NBD, said: “Emirates NBD is committed to making banking easy, accessible and more convenient for UAE residents and visitors alike. We are pleased to launch this service in partnership with Network International, Visa and Planet with the aim to better facilitate cash withdrawals for visitors to the UAE through our extensive ATM network.”  

 

Samer Soliman, Managing Director – Middle East, Network International, said, “As the region’s leading enabler of digital commerce, we are pleased to offer seamless and transparent currency conversion to our clients with coverage of over 130 currencies. This initiative will add value to our clients and we look forward to future collaborations that support our commitment to enhance the UAE’s banking and payment ecosystems.”

 

Simon Marsden, Managing Director, EMEA, Planet said: “We are pleased to partner with Network International to be the first in the UAE to provide a best-in-class Currency Conversion at ATM solution. We are looking forward to rolling out to over a thousand ATMs alongside Network International’s vast experience and knowledge in the MEA region.”