(MENAFN- Muscat Daily) - National Bank of Oman (NBO) on Monday launched Badeel Family prepaid cards, an effortless way for customers to manage their family's finances including groceries, clothing, utilities, and entertainment.
The first-of-its-kind prepaid cards in the sultanate are fully customisable and allow customers to apply for up to six cards. Badeel Family is the third generation of prepaid cards rolled out by the bank earlier this year.
Badeel Family prepaid cards provide customers ways to better manage and track their family finances 24 hours a day from anywhere. It give them the ability to restrict purchases by merchant category, for example grocery stores or fuel stations in addition to limiting the amount spent per day.
Manageable through NBO's mobile app, customers can apply, activate, top up and view available balances. These secure cards can be utilised by families looking for a convenient way to manage their children's monthly allowances, split budgets, or disburse funds to household staff. They can use it wherever Mastercard is accepted.
Abdul Karim al Hinai, DGM - digital banking at NBO said, 'Following the successful launch of our first prepaid cards - Badeel General Purpose and Badeel Youth - we realised there was an opportunity to better support a wider range of customers, specifically families. Managing the financial logistics of running a household and all its family members is something we want to simplify and streamline for our customers.'
He added, 'We remain committed to offering innovative and digitally-led solutions to empower customers to adapt to today's changing times. We are providing an enhanced and seamless banking experience, which gives them the freedom to manage their money as part of their lifestyle, through customising usage settings with the touch of a finger.'
All Badeel cards are Mastercard enabled, accepted worldwide and secure by using chip and pin technology and 3D secure. They are also contactless allowing customers to just 'tap and go' at over 5,000 terminals across the sultanate, marking a milestone for the country's payment infrastructure. The users of the card will not be charged an additional transaction fee. Customers will also continue to earn Nuqati points with every transaction.
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