gocash proposal
The first-of-its kind six-currency
Prepaid travel card in the Middle East
2
Company Profile
UAE Exchange, established in 1980, has grown to become the leading global remittance, foreign
exchange and payments solution brand. It has over 735 direct offices in 32 countries, which makes it the
largest global network in its class. This trusted neighbourhood brand has also built a wide range of
services under one roof, emerging into a true financial supermarket.
Headquartered in Abu Dhabi, UAE Exchange has been setting new standards in the global remittance
industry with diversified service offerings including bank transfers, instant money transfers, online money
transfers, currency exchange, payroll solutions, travel cards and more. Some of its proprietary services
include Money2anywhere.com, the secure online money transfer portal; Smart Pay, the leading payroll
solution; FLASHremit, the facility for real time account credit; gocash, the region’s first six-currency
prepaid travel card; and XPay, the facility for bill payment using mobile phones.
Over 9500 professionals representing more than 40 nationalities, across the globe, strive to ensure
customer delight at UAE Exchange. So every customer gets the same attention and quality of service,
worldwide. Strong correspondent relationship with over 150 global banks further helps in achieving this
aim. All these have made this socially responsible brand, the World’s Trusted Money Transferrer.
Why gocash Travel card is a valuable product
gocash is a multi-currency MasterCard powered prepaid travel card. Launched in 2012, gocash
empowers over 100,000 customers to travel the world hassle free. Users can load up to six currencies in
this plastic form of convenience from a choice of fifteen mentioned below
some of the major features of gocash include:
Exchange rate lock in facility
Instant card and Pin issuance
Secured with unique chip system & personal identification number
24/7 Customer support
Withdraw cash at 2 million master card ATMs world wide
Shop at 35 million+ master card merchant locations globally
Currency Swap option available within the wallet
Use card – Online payments / POS network shopping / ATM cash withdrawal globally
Online Portal Access for statement access
Free Travel insurance coverage
Master card powered prepaid card
Competitive Exchange rates / Free loading services
Free Email & SMS alerts confirming loading / debit alert e
www.gocashcards.com
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The Benefits that makes gocash an attractive product
gocash currently offers a distinctive range of services which will benefit to the customers
Cost-effective Travel solution Cashless Travel, Hassel Free Chip PIN enabled
R card ensures full security
MasterCard enabled prepaid travel cards A Interactive online portal for checking the statement
N @ www.gocashcards.com
Loyalty programs for customers G Refund of unused forex through any UAE
E EXCHANGE Outlet
Technologically advanced and faster process Master card powered prepaid access online
O
Competitive exchange rates F Advanced Built-in technology ensuring 100%
confidentiality
Minimal documentation procedures for availing the S Load up to 6 Currencies from option of 15
card E Currencies
R
Reload the cards at any UAE Exchange branch in V Exchange rate lock-in facility
the UAE, free of cost [unlimited reloads] I
SMS / Email Notification on Fund reload and C Swipe option of currency available
withdrawal E
S
Free Travel Insurance coverage 24/7 call center for assistance
gocash v/s Credit Cards
Particulars gocash Credit Cards
Annual Fees from 500 AED to 1000
Annual Fees No annual Fees AED
Currency Loading Option Load up to 6 Currency No Loading Facility
Currency Choosing
Options Choose from 20 Currency options Only AED Base Currency
Cross Conversion FX No Charge - Can Load Destination
Charge Currency 3% to 4% Cross Currency FX Charges
High Risk - Due to Higher Credit Card
Card Limit Risk Prepaid Card - Low limit - Less Risk Limit
Online Portal Online Portal - Check Transaction No Portal - Only Monthly Statements
Load - Lock the Exchange Rate ( Greater No Rate Locking - AED
Exchange Rate Savings) Base Currency
SWAP currency as per your destination No Swap Facility - AED Base
Currency Swap Option currency Currency
Prepaid - Card can be loaded and topped Can Use the Card as per the limit set
Usage Limit up no Limits by bank
U Spend what u Load - No interest 3% to 4% Interest rate monthly on
Interest Rate charges fund usage
Yearly renewal fees - 300 AED to 500
Renewal Fees No Renewal Fee AED
No Facility - Paid Service Monthly
Travel Insurance Free Travel Insurance for card holders Fees
www.gocashcards.com
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Upcoming Features
Card limit to be extended from USD 5000 to USD 6500
Online Mobile App for Apple iOS and Android devices
Additional five new currencies to be added
o UAE Dirhams [AED]
o Pakistan Rupees [PKR]
o Philippines pesos [PHP]
o New Zealand Dollar [NZD]
o Omani Riyal [OMR]
www.gocashcards.com
