MAF Finance aims to ‘more than double’ prepaid card transactions

March 3, 2014 12:49 am

Dubai-based Majid Al Futtaim Finance has said it is looking to more than double its prepaid card transactions in the UAE, as consumers are increasingly looking for ways to make cashless payments, Gulf News has reported. The company, which provides credit and prepaid card products to consumers in the country, achieved a 40% growth in its prepaid segment from 2012 to 2013. “We expect prepaid card usage to continue this positive trend, and for 2014, we are looking to more than double our prepaid card transactions,” CEO of Majid Al Futtaim Finance, Rasool Hujair, told the daily.