Majid Al Futtaim Finance, the consumer finance company of Majid Al Futtaim, was recognised as ‘Industry Partner of the Year’ for the third consecutive year at the recent Prepaid Summit Middle East 2014 Conference & Awards. With a wide range of innovative prepaid solutions, such as rewards programs, payroll cards and branded gift cards, Majid Al Futtaim Finance has reaffirmed its leadership position as the region’s prepaid partner of choice for businesses looking for turnkey solutions.
The Prepaid Summit Middle East 2014 Awards celebrates the most dynamic players in the prepaid industry, recognising excellence across a number of categories while discussing new trends within the growing industry. Majid Al Futtaim Finance was awarded the ‘Industry Partner of the Year’ in recognition of its significant efforts to driving the growth of the prepaid industry across the Middle East. Having received seven nominations – the most by any other business, Majid Al Futtaim Finance is an industry-leader to watch.
“Majid Al Futtaim Finance has witnessed a phenomenal 40% increase in our prepaid segment last year, demonstrating the growing popularity of prepaid cards amongst both businesses and consumers,” said Rasool Hujair, CEO, Majid Al Futtaim – Finance. “We are delighted to be recognised as ‘Industry Partner of the Year’ by our industry peers, underscoring our leadership position as the preferred prepaid partner of choice.”
Majid Al Futtaim Finance was one of the first companies to introduce the concept of the prepaid card in the UAE. Starting with the launch of the Visa Gift Cards at partner shopping malls across the region, Majid Al Futtaim Finance has since developed a strong B2B incentive program that have attracted globally renown brands. Last year, Majid Al Futtaim Finance announced expansion plans to introduce B2B and consumer prepaid programs in Qatar, Oman, Lebanon & Egypt, reaffirming its status as the ‘Industry Partner of the Year.’