Doha Bank & Regency Travels Announce Plans to “TAKE OFF”

Doha Bank in partnership with Regency Travels and Tours, the most favored travel service in Qatar, and a consistent winner of the “World’s Leading Travel Agency” awards, announced today that they have entered into an agreement to launch the Doha Bank – Regency Travel Card, in arrangement with MasterCard. The card which will also be known as the Traveller will stand true to its name, with acceptance at over 30 million MasterCard merchants and 1.5 million ATM locations worldwide as well as for online transactions over the Internet.

The pre-paid Travel Card aims to satisfy the needs and desires of Qatar’s consumers who are fond of travel. Since Qatar is a multi-cultural splendor, with expatriates from all over the world, travel is not constrained to a particular season but rather ensues throughout the year. Hence, the Traveller card will appeal to an array of consumers, such as holiday seekers, honeymooners, businessmen and other frequent travellers, whether they are going home for a well-deserved break, or taking a family vacation. Added to that, the Traveller Card will also be made available to those seeking to make online purchases or go overseas for higher education.

For customer utmost ease, convenience and flexibility the Travel Pre-Paid MasterCard card will be made available in 3 major currencies – US Dollar, Euro and Pound Sterling. Travel pre-paid cardholders will be able to enjoy a shopping spree in Paris where they can pay entirely in Euro, or use it on a business trip to London where they can conveniently treat clients to dinner in Pound Sterling. Alternatively customers may enjoy a family holiday in magical Disneyland theme parks from Tokyo to Miami where they can use their Dollar cards. As per the offerings of this travel card, customers will not have to lose out on critical exchange rate fluctuations on transactions made in the card currency anywhere around the world.

Speaking at the launch ceremony, Doha Bank Group CEO R. Seetharaman expressed his enthusiasm for the new product: “Doha Bank is the undisputed leader in developing innovative products in the region. We aim to provide customer-centric solutions with every initiative we undertake. We are proud to partner with Regency Travels, a household name for travel requirements, to provide consumers with this Travel pre-paid card to make their journeys safer, cheaper and more convenient”.

Regency Travels & Tours CEO and Chairman Mr. Tareq AbdullatifTaha added: “Regency provides a full portfolio of travel related services to customers, and we are privileged to collaborate with DOHA BANK to add the travel pre-paid MasterCard card on to these services. Customers can now enjoy a one-stop solution to their travel requirements when visiting Regency. “

Mr. Safdar Khan, Market Manager, Qatar, Oman and Kuwait, MasterCard Worldwide said:” MasterCard is delighted to team up with Doha Bank and Regency Travels to launch the Travel prepaid card to cater to the needs of travel-savvy consumers in Qatar. Qatar is a key market for MasterCard, and this launch underscores our commitment to develop innovative payment solutions to suit the various needs of travelling consumers in Qatar.”

The Travel pre-paid card will be available from January 2012. For more information call 4456000 or visit www.dohabank.com.qa