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UAE Exchange Partners with Oberthur Technologies

UAE Exchange and Oberthur Technologies have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever contactless payment via wearable at the Seamless Middle East Conference in Dubai on 01 May 2017. UAE Exchange will be offering the wearable contactless payment option to select 100 gocash prepaid card customers, each loaded with a 100 AED balance, across the UAE.

Flybuy MiniFOB technology is a mini contactless card of dimension 2FF SIM-size 15x25mm, including an antenna and a chip with payment functionality. The MiniFOB can be inserted into a prepaid card, silicone, leather wristband, a key chain, jewellery, fitness trackers, watches or any other wearable item / device. The card uses Mastercard contactless functionality and is developed by OT.

A special piece will be provided along with the standard Dual Interface gocash card that will hold the MiniFOB chip. Customers can attach it to their watch, wristband or any wearable item, thus, allowing a seamless, secure and stylish payment option on the go. Promoth Manghat, CEO, UAE Exchange Group, said “We are glad to partner with Oberthur Technologies for our gocash card, which will have the special contactless chip and provide our customers with a faster and convenient mode of payment.” Cedric Collomb, Head of Global Offer & Indirect Sales of Financial Services Institutions activity at OT said, “We are glad to partner with UAE Exchange, which shares our progressive vision of bringing value to the table, which will enhance customer experience.”

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