Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Mashreqbank psc    MASQ   AEM000101018

MASHREQBANK PSC (MASQ)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Mashreqbank psc : Mashreq launches new e-commerce platform

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2017 | 09:25am CET

Mashreq Bank has launched an exclusive e-commerce platform for its credit card customers in the UAE: Global Cashback Mart.

The Global Cashback Mart is currently accessible at zero cost to customers who hold the Mashreq SmartSaver Global Credit Card and enables customers to shop online, choosing from over 2,500 global brands including Amazon, Macy's, Bloomingdale's, Hotels.com, Flipkart, Marks & Spencer, and Mothercare.

It also gives them an additional cashback of up to six per cent on purchases made through the platform. To complete the last-mile on the purchase experience, Mashreq has partnered with Shop & Ship to offer its customers 15 per cent off on delivery charges.

"With e-commerce volumes growing at 25-30 per cent year-on-year, Mashreq has taken a leadership position by providing value-added E-Com services such as the Global Cashback Mart; our customers not only have exclusive and complimentary access to the best of local, regional and global brands, but through the platform, they also enjoy a seamless and secure shopping experience, from the comfort of their homes. Further, the extra cashback offered on these transactions is the icing on the cake, making such online purchases even more rewarding for the customers," said Pankaj Kundra, Head of Payments & Personal Banking at Mashreq.

The Global Cashback Mart currently has over 2,500 brands listed under major categories: travel, electronics and department stores. The brands are categorised by country making it easier for customers to browse and select items to purchase, and the list of brands is continually refreshed to ensure relevance to customer needs.

(c) 2017 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MASHREQBANK PSC
2017 MASHREQBANK PSC : Mashreq announces new Head of Corporate and Investment Banking
2017 MASHREQBANK PSC : Mashreq announces new Head of Corporate and Investment Banking
2017 MASHREQBANK PSC : Mashreq Bank appoints new Group Head of Risk Management
2017 MASHREQBANK PSC : gets licence to set up branch
2017 MASHREQBANK PSC : receives a licence from the Central Bank of Bahrain
2017 Dubai’s GEMS Education obtains $1.25bn loan
2017 MASHREQBANK PSC : gets CBB nod to open a wholesale branch
2017 MASHREQBANK PSC : CBB issues wholesale banking license to branch
2017 Virtusa's Digital Transformation Program for Mashreq Bank Wins 2017 IDC FinTe..
2017 MASHREQBANK PSC : Bad experience
More news
Financials ( AED)
Sales 2017 6 103 M
EBIT 2017 3 685 M
Net income 2017 2 090 M
Debt 2017 -
Yield 2017 5,50%
P/E ratio 2017 6,36
P/E ratio 2018 4,97
Capi. / Sales 2017 2,18x
Capi. / Sales 2018 2,06x
Capitalization 13 297 M
Chart MASHREQBANK PSC
Duration : Period :
Mashreqbank psc Technical Analysis Chart | MASQ | AEM000101018 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 102  AED
Spread / Average Target 36%
EPS Revisions
Managers
NameTitle
Abdul Aziz Abdullah Al-Ghurair Chief Executive Officer & Director
Abdulla Ahmed Majid Al-Ghurair Chairman
Sandeep Chouhan Head-Operations & Technology
Ali Rashed Ahmad Lootah Vice Chairman
Rashid Saif Saeed Al-Jarwan Director
Sector and Competitors
1st jan.Capitalization (M$)
MASHREQBANK PSC7.00%3 620
JP MORGAN CHASE & COMPANY5.36%390 934
INDUSTRIAL AND COMMERCIAL BANK OF CHINA0.81%343 484
BANK OF AMERICA5.66%325 331
WELLS FARGO3.10%308 238
CHINA CONSTRUCTION BANK CORPORATION2.73%269 411