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Mashreq announces 0% payment plan for Shopper

Bank launches GITEX-exclusive finance packages with regional retail partners

Nimish Dwivedi, Head of Payments at Mashreq.
Nimish Dwivedi, Head of Payments at Mashreq.

UAE financial institution, Mashreq has today announced its participation in the region's largest consumer electronics retail platform, GITEX Shopper 2014.

Mashreq has launched INSTANT 0% easy payment plan, which allows card holders to split their payments instantly at the merchant counter to a 0% installment plan for tenures of their choice.

Nimish Dwivedi, head of Payments at Mashreq said, "We are delighted to launch UAE's first INSTANT 0% easy payment plan available right at the merchant's point of sale terminal. The Spring Edition is a very special event for the UAE and we aim to provide an innovative solution to our cardholders to make their GITEX shopping experience truly memorable."

The payment plan is instead of the current process of cardholders having to call for conversion of their purchases to installments and then wait for the agent to call back for a confirmation.

Mashreq has already deployed this solution across more than 100 outlets of its partners including Sharaf DG, Emax, Jacky's and Jumbo.

GITEX shopper takes places at the Dubai World Trade Centre (DWTC) from 23 to 26 April 2014.

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