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.
Benefits
- 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
Products features
- 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
- Annual fee - nil
- Card replacement fee - TZS 10,000
- Load / deposit at DTB branches - nil
- POS Transaction fee- nil
- E-Commerce transaction fee- nil
- ATM Withdrawal (Local including DTB ATMs) - TZS 3,000
- ATM Withdrawal (International) - TZS 5,000
- * VAT applicable on above mentioned Tariffs
- * For withdrawals done using other currencies, fees will be the foreign currency equivalent of the TZS charge
