National Bank of Fujairah introduces multi-currency debit card for seamless global transactions - Middle East Business News and Information

Mid East Info

26-03-2025

Customer experience enhanced by making cross border payments simpler and more cost-effective.
Dubai – National Bank of Fujairah (NBF) has announced the launch of its multi-currency debit card, a cutting-edge payment solution designed to enhance convenience and cost efficiency for travellers and international spenders. The new product allows customers to link a single AED debit card to multiple currency accounts, enabling seamless transactions in AED, USD, EUR, and GBP without incurring unnecessary foreign exchange conversion fees.
The NBF multi-currency debit card is designed to simplify cross-border payments by automatically debiting transactions from the appropriate currency account. If a transaction occurs in an unsupported currency or if the linked currency account has insufficient funds, the card will intelligently fall back to the default AED account, ensuring uninterrupted transactions.
The card can be used in international ATMs, for online payments, and in-store purchases, providing seamless access to funds from anywhere in the world, allowing customers to transact internationally with greater control and avoid additional foreign exchange markups.
'We are excited to introduce the NBF multi-currency debit card as part of our commitment to delivering innovative financial solutions tailored to our customers' evolving needs,' added Adnan Anwar, CEO at NBF. 'This card offers a cost-effective way for travellers and global spenders to manage their payments seamlessly enhancing their experience and convenience .'
'The launch of the NBF multi-currency debit card reflects our commitment to integrating smart financial technology that enhances customer convenience. This solution is built on an intelligent transaction framework that links multiple currency accounts, ensuring automatic currency matching and reducing foreign exchange costs. By embedding advanced security measures and real-time processing capabilities, we are not only simplifying global transactions but also providing customers with a hassle-free and secure digital banking experience', added Mahendra Dhillon, Chief Operations and Technology Officer at NBF.
The multi-currency debit card will initially be available to holders of the NBF's Al Samy account before being rolled out to Priority account holders. Currently, multi-currency activation is only available through any NBF branch, via Relationship Manager (RM), or by calling the NBF Call Centre. Self-service activation will be enabled in the future.
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.