Fransabank and MasterCard today announced their collaboration with Majid Al Futtaim Finance LLC to issue three new innovative prepaid card solutions in Lebanon at Beirut City Centre – a new shopping mall developed by Majid Al Futtaim Properties. This marks the first time Majid Al Futtaim Finance has introduced its payment solutions into Lebanon.
Shoppers visiting the Beirut City Centre can now enjoy the unique benefits of a range of prepaid cards including the “Mall Gift Card”, “Just For You” Gift Card and the “MyNetCard”, that have been introduced as a result of this joint partnership. Offering a hassle-free and secure payment option for shoppers – both in-store and online, these prepaid cards are easy to obtain, and require no bank account or checks for activation. Now, shoppers in Beirut can enjoy the flexibility of credit cards without having to worry about interest rates, credit limits or lengthy application processes.
Mr. Nadim Kassar, General Manager of Fransabank commented on this occasion: “We, at Fransabank, are proud that our expertise, know-how, and leading position at the forefront of the payment cards industry, coupled with our long standing and strategic relationship with industry pioneers like MasterCard since the inception of their operations in Lebanon, has fronted us the Bank of Choice for Majid Al Futtaim Finance to issue convenient prepaid solutions exclusive to shoppers at Beirut City Centre. We value dearly this strategic partnership. The three types of cards we are issuing today are part of a long series of projects we will be undertaking in the future with Majid Al Futtaim Finance and MasterCard to always exceed customers’ expectations and provide them with modern and trendy banking services that suit their lifestyles.”
Basel El Tell, Market Manager, Levant, MasterCard commented: “Our association with Fransabank in Lebanon and Majid Al Futtaim Finance in the Middle East has resulted in the introduction of several innovative payment solutions that we are confident will be well received by consumers. The strategic collaboration announced today is yet another testament of our commitment to develop tailored payment solutions that offer real value to consumers. We are confident that these new electronic payment products will further enrich the consumers’ shopping experience at Beirut City Centre, the latest and largest shopping destination in Beirut.”
Commenting on this new collaboration with Fransabank and MasterCard, Rasool Hujair, CEO of Majid Al Futtaim Finance said: “We are delighted to bring our trusted prepaid card solutions to shoppers in Beirut City Centre and to Lebanon, and extend to them the same superior value and rewards experienced by people across the region. We’re confident that under the expertise of Fransabank and MasterCard, our prepaid cards will create new benchmarks and redefine the shopping experience for consumers, while offering the most innovative technologies to ensure the safety of their purchases.”
It is worth noting that the Mall Gift Card is a prepaid card that allows the cardholder to easily make secure purchases at any of Beirut City Centre’s 200-plus stores or dining options and can also be used at all Majid Al Futtaim Properties’ shopping malls across the region. Just For You is a popular gift option for all occasions, offering convenience of choice as the card can be used worldwide where MasterCard is accepted. Finally, MyNetCard is a unique prepaid card designed for online purchases, giving the user flexibility and security when shopping online – anywhere in the world. Both cards will soon be available at Carrefour locations and at prominent retail outlets across Lebanon.