Multicurrency Prepaid Card

A Multicurrency Prepaid Debit Card by Mastercard that allows transacting in up to 6 active currencies from a choice of 11 available currencies with a single card. Enabling conversion of currencies through an online portal, hence avoiding high exchange rates at the time of travel.

Target market - individual customers - mass market.

  • No joining fees
  • Accepted at any Mastercard POS merchant worldwide
  • Accepted at any Mastercard ATM worldwide
  • E-commerce enabled
  • PayPass enabled (i.e. contactless payment)
  • Convert currency to the type needed before travel
  • Currency:
    • Tanzanian Shillings (TZS)
    • United States Dollar (USD)
    • Great British Pound - Sterling (GBP)
    • Euro (EUR)
    • Indian Rupee (INR)
    • UAE Dirham (AED)
    • South African Rand (ZAR)
    • Canadian Dollar (CAD)
    • Chinese Yuan (CNY)
    • Kenyan Shilling (KES)
    • Ugandan Shilling (UGX)
  • Channels:
    • Withdrawals from Mastercard ATMs
    • Enabled for use at Mastercard POS merchants
    • E-commerce enabled
    • PayPass enabled
  • Charges:
    • New card issuance fee - TZS 10,000
    • Card replacement - TZS 10,000
    • Captured card fee - ATMs - actual
    • withdrawal fees (per transaction) -:
      1. DTB ATM withdrawal - free
      2. Other bank ATM withdrawal - in Tanzania - TZS 3,000
      3. Other bank ATM withdrawal - outside Tanzania - TZS 5,000
    • All fees are subject to an 18% Value Added Tax