Free press releases distribution network?

Agency / Source: Krores

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Krores Announces the Launch of Two New Products Designed for Middle East Ex-Pats - Krores a global prepaid card solutions provider, today announced its focus on emerging markets with the launch of two new products, the unique VISA/MasterCard remittance solution “Money Transfer Card” and the world’s first combination card “Pay-Remit Card
Krores Announces the Launch of Two New Products Designed for Middle East Ex-Pats

 

PRZOOM - /newswire/ - Ann Arbor, MI, United Arab Emirates, 2008/05/27 - Krores a global prepaid card solutions provider, today announced its focus on emerging markets with the launch of two new products, the unique VISA/MasterCard remittance solution “Money Transfer Card” and the world’s first combination card “Pay-Remit Card.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

These two new products have been designed for Middle East based migrant workers and their families back home in both India and the Philippines.
“In this day and age, I was surprised to see the lack of financial tools available to the emerging markets such as India, Philippines and the Middle East.” said Vineet Katial, Chairman and Managing Director, Krores. “We created our two new products to give migrant workers and their families round the clock access to their money at ATMs or to spend in stores and online allowing them to be more financially included than previously possible”.

KRORES’s tagline reads “more than money” and its mission is to provide a card in every wallet. The company intends to reach out to the masses and bring them into the main stream, by crossing the false social ceilings of credit risks, money in the bank, status, gender, cast and creed. It also plans to serve the underserved by providing prepaid instruments that enable them to enjoy similar benefits that a credit and debit card holder would enjoy.

According to Mr. Katial, Krores has signed agreements with strategic Exchange House partners in the Middle East and is actively evaluating further partnerships with suitable organizations. “It is our goal to build wide regional coverage by forming alliances, offering our unique service to our partners thereby allowing them to offer this new fast, efficient and cost effective service to their customers. With the Krores program our partners will be able to be more competitive in this market while enjoying a greater share of the service charge”, he said.

Unlike most other market players in the prepaid market, Krores is focused on providing financial products that enable the mass and the middle class market to reap the benefits of technology by providing an almost ubiquitous access to funds at anytime.

With its presence in Ireland, USA, India and Germany, Krores is planning to setup an office in Dubai to cover the Middle East. Mr. Dominic Higgins, Vice President, Krores Ltd, explains the unique nature of product, “…with this product, the cost benefit has tilted in the favor of the family rather that the financial institution.”

According to the latest report by World Bank, India and the Philippines are the largest recipient countries of funds. As Krores is the first company in the world to launch the combination card, it is firmly poised to capture a lion’s share of this remittance market.

Krores (krores.com) is a global specialist in prepaid card payment mechanisms, allowing our customers to send money to family and friends all over the world with our remittance cards. We facilitate quick payment of wages and salaries with our Payroll card. In addition our gift cards are the ideal way to give that special someone the choice and freedom to buy what they want. Our multipurpose card has many uses and comes in plastic as well as virtual form. It is an ideal personal budgeting tool, saves you using a credit card for online purchases, an ideal travel companion and many other uses limited only by your imagination. Our cards can be used worldwide at 24 million locations and at more than 1,000,000 ATMs giving you safe secure access to your money around the clock.

Add. Contact:
Mr. Madhu Krishnan, Marketing Manager – Middle East, Krores Limited

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Krores

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Krores Announces the Launch of Two New Products Designed for Middle East Ex-Pats

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Marketing - Krores.com 
+1 734-786-4051 marketing[.]krores.com / madhuk[.]krores.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Krores securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Krores / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today