Dubai / Emirates Business
Reflecting its commitment towards innovative financial solutions, Mashreq’s contactless sticker solution Tap n Go can be used to make payments without carrying physical cards. Tap n Go can be used by all Mashreq Credit Card customers and it reduces transaction time from 45 seconds to less than 8 seconds.
Leading financial institution, Mashreq has announced the partnership with the UAE’s most prominent merchants, allowing customers to avail exclusive offers. For every TAP n GO transaction made in supermarkets – such as Al Maya, Geant, West Zone, Choithrams, Al Adil, Sunrise City and Nesto – Mashreq customers will get 10% off their bill with a maximum cap of 10 AED per bill. At Novo Cinemas Mashreq customers will be rewarded with a free soft drink on every TAP n GO payment. In Jamaica Blue Coffee, customers will receive 50% discount on coffee and beverages. These nine listed partners are currently spread across 200 stores in the UAE.
Pankaj Kundra, Head of Payments at Mashreq said: “We want to continue integrating our financial services seamlessly into our customers’ every daily life. Through contactless payment solutions like TAP n GO we are not only optimizing secure payment transaction processes for the benefit the merchants, but are also providing a superior payment experience for our customers”
TAP n GO is a state of the art contactless payment solution based on an encrypted transaction sticker, fixed behind any mobile phone of any generation; no smartphone is required and no mobile app needs to be downloaded. While the UAE market currently offers contactless features in plastic cards, the TAP n GO experience is unprecedented; similar to any other e-wallet solutions, customers are no longer required to carry cash with them in their wallets, but can TAP their phone to make a payment without swiping, signing or waiting.
The TAP n GO sticker is available across all of Mashreq’s credit card products, covering all customer segments from Personal Banking, Mashreq Gold, Private Banking all the way to Business Banking Clients. TAP n GO sticker is available free of cost for all of Mashreq’s credit card customers.