Mercury offers lower setup and fixed cost as compared to the other international schemes. We understand the importance of ecommerce to the payments industry. © Copyright Mercury 2019. To make payments completely safe, secure and smart for all our stakeholders, using the most advanced technology and expertise of our employees. We will help you design and implement Mercury by providing the following benefits: To be a leading payment scheme in the Middle East providing locally relevant, innovative, secure and cost-effective solutions to facilitate a cashless society. You can offer your own payments solution with the help of Mercury’s wide range of prepaid cards. Mercury offers lower fee structure giving you more value. It will help you sign new merchants as well. Our rules and regulations are easy to understand which helps you issue Mercury cards with utmost ease and flexibility. With Mercury’s robust technologies, simple processes and experienced personnel; we ensure that the business and operation processes run smoothly. Merchants can offer these cards to their customers with reloadable or non-reloadable options. You can offer your customers with loyalty rewards like discounts, instant earn & burn of points at POS, cashback etc. Know more. Mercury’s loyalty solutions allow you to provide customers with a range of loyalty options including instant discounts, ‘earn and burn’ at Retail POS and cashback. With Mercury credit cards, you can offer your customers an easy, flexible and secure way to make payments. We realize the trust you have built with your clients. Mercury’s M-touch cards are contactless payment cards that can be issued to cardholders. The demand for faster, more convenient, safe and now cleaner ways to pay has driven the transition to contactless, and this trend will only continue to grow. These services will help increase your card transactions at the same time building more customer stickiness towards your organization. All rights reserved. Keeping in mind the industry you belong to; we design our products that meet your needs. on Mercury Prepaid, Debit and Credit cards. ... the UAE … Therefore, Mercury has partnered with Discover network that further partners with leading payment schemes like RuPay in India, JCB in Japan, Elo in Brazil, DINA Card in Serbia, Union Pay in China and BC Card in Korea amongst others. Mercury understands the local market needs and has the ability to offer customized solutions. Mercury Payments Services LLC. Issuers can convert the existing loyalty cards to Mercury payment cards by integrating their systems with the Mercury loyalty platform. The transactional and assessment fees are significantly lower making immense commercial sense to you. We are, therefore, committed to working with you in order to protect your customer by offering a highly secure payment mode. Disclaimer: In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE … A customers makes a contactless payment using a mobile phone at the PortAventura theme park in Tarragona, Spain, on Friday, July 10, 2020. Mercury believes in keeping a transparent & simple fee structure which will be highly economical and beneficial to you. Mercury is the Middle East’s first domestic payment scheme. Mercury’s M-touch cards make contactless payments a smooth and hassle-free way to pay. Mercury offers issuers a wide variety of prepaid cards that cardholders can use for various purposes. Hence, we offer loyalty solutions that cater to your needs. Our products can also be easily customized as per your requirements. We believe in providing all our associates like our issuers, acquirers, cardholders or merchants a superior value proposition and ensure quality driven delivery of service. FAB’s line of businesses include a whole range of retail banking, corporate, wholesale and investment banking, wealth management and private banking; as well as Islamic banking, brokerage, property management and leasing. Mercury offers flexible contactless solutions to its members. We make it simple for you to receive payments and simpler for your customers to pay you. Mastercard preps contactless technology for quantum era, Saudi STC Pay introduces contactless cards, UAE features among ‘Stand Out’ digital economies across the world, How payment digitisation can stimulate economic growth in the Middle East, HSBC Bank, Mastercard partner to promote sustainable communities, Saudi to only award government contracts to firms that have an HQ in the kingdom, Dubai receives new shipment of Pfizer-BioNTech vaccine, UK court orders asset freeze of NMC founder BR Shetty, other company executives, Bahrain launches digital Covid-19 “vaccine passport”, Digital Economy: UAE consumers to pivot away from cash – report. We ensure that customer data related to Mercury card transactions will reside within the governing walls of the UAE. Key participants in the transaction flow: Cardholder: An authorized user of a Mercury card. Getting consumers to change the way they pay and move away from cash, a payment method they trust and are familiar with, has proven to be an ongoing challenge. With our wide-ranging prepaid products, you can give your cardholders a convenient means of handling cash. Mercury’s M-select brand allows its merchant members to issue closed loop cards that can be used at select merchant outlets. You can also opt for our loyalty gift cards solution that can be provided with open loop or closed loop, reloadable or non-reloadable options. Existing loyalty programs can be enhanced by widening the loyalty and payment features of the card, thereby improving customer stickiness and also boosting sales. Debit cards offer quick payments at checkout counters as compared to cash transactions; adding convenience and control. Merchant: An entity that provides goods and services to customers and accepts Mercury card. We understand the existing pain points you go through with other international schemes and hence, we are here to offer a feature-rich product at affordable prices. Loyalty Rewards: Mercury offers a loyalty platform for participating members to provide their customers with rewards like instant discounts, points, cashback etc. With worldwide acceptance at millions of outlets, our Islamic cards offer a host of features and benefits that make your life simpler and more convenient. Discover the best local and international designers for women, men and kids. We also offer you ease and convenience by adopting a simple fee structure and easy to understand policies. and our remittance services which will make it easy for you to send money to your loved ones anywhere across the globe. Ecos will … We offer an extremely simple and transparent fee structure that is economical and beneficial for you. The Mercury M-select prepaid cards come with an option of closed loop or open loop, reloadable or non-reloadable gift cards. Here’s how you can benefit from Mercury: Partnering with Mercury as a merchant will open up new customer segments. As the ecosystem continues to evolve, more connected devices and the Internet of Things are going to create more user demand and an even greater need for constant innovation to build next-generation capability, helping to ensure that technology never outpaces trust.”, Read: Digital Economy: UAE consumers to pivot away from cash – report. Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in capital through a Series A funding round. Accepting Mercury cards will help you achieve higher sales volume and have a progressive impact on your profitability. This will ensure consumers continue to enjoy the same high levels of security and convenience they do today. Our parent companies are Network International LLC, the largest payments solution provider in Middle East and Africa and First Abu Dhabi Bank,UAE’s largest bank and one of the world’s largest financial institutions. We make payments simple for you with the use of our cutting edge technology, process know-how and experienced personnel. © 2020 MOTIVATE MEDIA GROUP. Mercury offers loyalty solutions to its issuing partners from banks to retail merchants. Federal Bank's Contactless variants provide convenience of contactless payment. They can preload the card with a desired amount and use them as a gift. Discover the stylish new season collection from your favorite designer brands. We understand the importance of loyalty in your business. Issuer: A financial institution or a corporate entity that issues Mercury cards to end customers. Over time, Mastercard expects that in-store shopping will become increasingly contactless-only. We are here to assist you with any information you may need! Mercury: A domestic payment scheme that connects issuers and acquirers to facilitate transaction process. This makes it economically feasible for issuers to open new segment of customers and thereby increasing your customer base. Go cashless with Samsung Pay. As a Mercury issuing partner; you can make these cards available to any organization that is interested in participating in WPS. “2020 brought with it a rapid acceleration of digitisation and reinforced the importance of digital solutions – like contactless – to help meet our everyday needs. Digital wallets, mobile payments, contactless cards and point-of-sale terminals will continue to work as they do today. Mercury is a payment scheme built with local needs in mind. Fares on Abu Dhabi buses are paid by the Hafilat Card since 2015, which is a contactless smart card to be flashed when entering and exiting the bus at mini-terminals inside of the bus. They can support various forms of payments like shopping, salary credit, gifting, charity or travelling. You can enjoy our value added services like loyalty rewards (discounts, instant earn & burn of points, cashback etc.) Get daily business news from the region delivered straight to your inbox, Ecos specification will ensure that contactless technology is future-proofed. Your cardholders can enjoy our value added services like loyalty rewards (discounts, instant earn & burn of points, cashback etc.) A Contactless card is a faster way to pay with your debit card for purchases under Rs.2000/- at participating stores. This partnership would allow you to use this card globally at more than 31 million merchant locations and over 1.5 million ATMs. Moreover, our strategic partnership with Discover Financial Services gives us significant global coverage. By June 2020, 44 per cent of UAE’s SMEs surveyed were offering contactless payment for the first time. Ounass UAE is the Middle East’s Definitive Home of Luxury. It’s not just our payments; your cardholders can enjoy our value added services like loyalty rewards (discounts, instant earning & burning of points, cashback) and remittance services. Contactless payment is a secure method for consumers to purchase products or services via debit, credit or smartcards, byusing RFID technology or near-field communication (NFC). Mercury offers lower setup and fixed cost as compared to the other international schemes. “Contactless is the present and future of in-person payments,” said Ajay Bhalla, president, Cyber & Intelligence at Mastercard. We value our employees and encourage their development at various stages, We work towards improving our products and services, supporting continuous growth and improvement in the broader financial industry. The United Arab Emirates (UAE) eCommerce Landscape 2020 ... Contactless and the Pays: The catalyst for digital payments growth . Samsung Pay is a mobile payment service to make smart, quick, easy and secure payments from mobile anywhere. Mercury offer 3 variants of prepaid cards: WPS, Loyalty and Gift cards. Mashreq “TAP n GO” contactless payment offers discounts in supermarket and cafes across 200 stores Sep 21, 2016 Mashreq's CEO recognised as Banking Business Leader of the Year To know more about Network International visit: Set-up conducted at existing POS terminal, Manage redemptions & top-ups on terminals, in real-time, Determine validity, limit, one-time or reusable card terms, Allow prepaid card usage across numerous retailers & locations, Upgrade prepaid cards to a loyalty programme solution seamlessly. Mercury debit cards are safe and secure, helping your customers to have access to a large number of ATMs merchant outlets across the UAE. These offerings include instalments, pre authorization, loyalty rewards, global acceptance etc. Mercury understands your needs; hence we offer you lower costs and fee structure. Customers have the convenience of choosing from reloadable and non-reloadable gift cards. Debit cards are one of the fastest growing segments in the industry and customers are increasingly using debit cards for various purposes. This partnership would allow your cardholders to use their card globally at more than 31 million merchant locations and over 1.5 million ATMs. The UAB Islamic credit card enables you to manage your finances effectively. Our cardholders can therefore enjoy safe and convenient payment services. Since Mercury is specially tailored for the local market it makes sure the operating rules are accordingly designed. Mercury supports a number of credit card functionalities that issuers can offer their customers. We use EMV Chip and PIN based technology for card transactions that protects the cardholder’s information ensuring complete security. Mercury offers wide domestic acceptance at POS terminals and ATMs across theUnited Arab Emirates. These cards effectively eliminate the need for a bank account, making it easy to access funds directly. You can also incorporate your brand identity on the prepaid cards. This gives rise to a whole new segment of customers which in turn helps you make profits. Mercury is presently accepted at various merchant outlets where you shop often. The funds borrowed on a credit card act as the loan amount and the credit limit as the maximum loan amount available. This helps you to target new customer segments which in turn lead to incremental revenues. Partnering with Mercury as an acquirer will open up new customer segments which would lead to higher volumes. You have the option of offering closed-loop or open-loop, reloadable or non-reloadable loyalty cards to your customers through the Mercury platform. Read: Digital Economy: UAE consumers to pivot away from cash – report Over time, Mastercard expects that in-store shopping will become increasingly contactless-only. Customers just need to tap their Mercury M-touch debit, credit or prepaid cards on a secure reader and the payment is completed instantly. WPS is a scheme introduced by the government of the UAE to help streamline wage payments made to blue collar employees. Mercury is currently accepted at various merchant outlets where your customers shop often. Acquirer: A financial institution that helps merchants process Mercury card payments from customers. In the third quarter of 2020, contactless penetration represented 41 per cent of in-person purchase transactions globally, up 30 per cent from a year ago. Mastercard today announced that it is applying quantum technologies to develop its next-generation contactless payments. Contactless delivery. This partnership will enable acceptance at more than 42 million merchant locations and over 1.5 million ATMs in 185 countries. The investment needed in order to enable acceptance at POS would be very low. It is also a leading processor in the region processing over 80 million cards for prestigious financial institutions. Our vision is to offer innovative and locally relevant payments solution at affordable prices. The M-Select cards can be used only at select merchant outlets. Prepaid cards may also be available for cardholders at merchant outlets depending upon the existing card type. Ecos will help to eliminate the need for a backup swipe or dip of a card. Mastercard has been spearheading the transition to contactless payments for years and developing specifications like Ecos to support industry standardisation efforts and help ensure the entire ecosystem benefits from higher levels of security. This investment complements similar investments by Mastercard in tokens, 3-D Secure and Click to Pay. Through a strategic partnership with Discover, Mercury provides acceptance at more than 31 million merchants and 1.5 million ATMs in 185 countries across the globe. We possess high-end, state-of-the-art technology which enables us to process transactions safely and speedily. Ecos leverages new, quantum-resistant technology to deliver advanced algorithms and cryptographic key strengths while keeping the contactless interaction under half a second. Credit cards in UAE offer a line of credit to be used in making a purchase provided the loan is paid back during a specific period. and remittance services. Network International is the biggest merchant acquirer in the UAE and also offers various products and services like mobile POS solutions, loyalty solutions, Dynamic Currency Conversion. Mercury connects consumers, banks, the government entities and businesses to facilitate payments in the region. As the new specifications are activated over the coming years, consumers and merchants can expect a seamless transition, Mastercard says. Mercury Gift Card is an ideal way for your customers to gift their loved ones. Also, our rules and regulations are easy to understand and offers complete clarity to best serve our members. Mercury acceptance will ensure higher card transaction volume arising out of spends from new customer segments. The EMV chip and pin technology makes sure all your transactions are safe and secure. Mercury also offers a range of loyalty solutions to support prepaid card programs. Moreover, our strategic partnership with Discover Financial Services gives us significant global coverage. The company says the new Enhanced Contactless (Ecos) specifications will ensure that contactless technology is future-proofed as new technologies like quantum computing are introduced. Mercury offers wide domestic acceptance at POS terminals and ATMs across the United Arab Emirates. Our partner banking institutions make it convenient for you to avail Mercury prepaid, debit or credit cards across the UAE. In an ever-changing digital world, security is of utmost importance. Your customers will never run out of gifting ideas with a Mercury Gift Card. No matter which industry you operate in; Mercury’s powerful loyalty programmes will benefit your business. Mercury provides flexibility in prepaid product design, with open and closed-loop and reloadable and non-reloadable options. Mercury is cost effective and affordable as it offers lower fee structure compared to the other international schemes. ALL RIGHTS RESERVED. PO Box - 4487. As we are a domestic scheme we manage complete control of cardholders’ information and its security. Some of the key markets in this coverage include The Americas, Europe, Russia, India etc. Mercury also understands the significance of global acceptance today. We maintain open and transparent decision making upholding the highest standards of integrity in all our actions, We take full accountability for delivering on our commitments at all times, We maintain the highest level of discipline and work as a team to cater to all our partners – consumers, merchants, acquirers, governments and the community, We treat each individual with high regard, appreciation and courtesy. Al Barsha 2, Dubai, UAE. While using credit card, the cardholder needs to pay the minimum payment at least by the due date. Federal Bank's Contactless variants provide convenience of contactless payment. The transactional fees are considerably lower making more commercial sense to you. Mercury cards will be accepted at the existing installed POS terminals at the merchant outlets. Level 2, Network Building, Some of the key markets in this coverage include The Americas, Europe, Russia, India etc. Transport payment systems. M-touch cards enable cardholders to make quick and easy payments at the checkout counters in stores. Compatibility with Ecos and current contactless specifications is straightforward-Ecos works behind the scenes and is delivered via a software upgrade, therefore no new hardware or terminals are required. It is growing rapidly around the globe wherein shopping online has become people’s preferred choice. Our integrated network connects you - the merchant, our cardholders and the financial institutions directly without the involvement of any third party agent; ensuring secure, safe and timely payment transactions. Mercury’s eCommerce functionality enables customers to make payments while shopping online for various goods, entertainment tickets, meal orders, booking air tickets and other services. Hence, we are at the forefront of using a highly secure EMV chip and pin technology to protect all our transactions. Headquartered in the United Arab Emirates, we enable member institutions to issue cards under the Mercury brand that function securely at large number of ATMs and merchant outlets across the UAE. A Contactless card is a faster way to pay with your debit card for purchases under Rs.5000/- at participating stores. Mercury promises to offer you an easy, convenient and secure method of making payments at millions of acceptanceterminals in 185 countries. Mercury offers its issuers with a wide range of prepaid, debit and credit cards. The WPS cards can be used across a range of ATMs and POS terminals within the UAE and comes with various add-on options. Shop Luxury beauty & the latest designerwear for women, men, & kids.

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