Abu Dhabi-based RemotePass, a leading platform for remote work, announced the launch of its physical debit card for remote teams in emerging markets.
The card will help remote workers with an active contract on RemotePass to receive instant payments with zero fees, avoiding the hefty Swift fees and delays typically associated with international transfers.
The new service will also allow global remote workers to hold funds in USD, giving them complete control over their finances.
The RemotePass card is enrolled with 3D Secure, providing an additional layer of authentication for online transactions. For offline transactions, users are required to enter a PIN for added security.
Kamal Reggad, co-founder and CEO of RemotePass said the company’s commitment since day one has been to offer benefits and financial services to underserved workers in emerging markets.
“Today, we are super excited to take a significant step towards delivering on this vision, especially in the UAE, where Savills revealed Dubai is considered the third-best city in the world for digital nomads to live in,” Reggad said.
“We are working with different partners to bring more localised financial services and benefits such as a reward programme, advance pay and pension plans,” he added.
RemotePass’ debit card is powered by MatchMove, a leading financial technology company and a licensed and regulated Mastercard card issuer headquartered in Singapore.
It can be used online and offline globally, wherever Mastercard is accepted.
The physical card forms part of the RemotePass Super App for Remote Teams, which enables users to manage their contracts, subscribe to premium health insurance plans and cover dependents, track expenses, access a USD payroll physical and virtual cards, spend online and offline, and get paid instantly at zero transfer cost.
Historically, remote workers — and especially those in emerging markets — have largely relied on Swift transfers to receive their money internationally.
RemotePass: Simplifying remote hiring and relocation to UAE
The RemotePass new product offering comes at a time when the UAE government has been announcing various policy initiatives to attract global talent and establishing the country as a leading hub for remote work.
Through its ‘Employer of Record’ services, RemotePass handles the entire relocation, visa, and insurance process for foreign companies seeking to hire and/or relocate employees or contractors in the UAE.
The UAE has become a sought-after destination for cross-border remote hiring, with companies from the US, the UK, and Saudi Arabia benefiting from access to a vast pool of highly skilled job seekers seeking full-time remote work.
In addition, the UAE introduced a digital nomad visa in March 2021, allowing expatriates to reside in the country while working for their employers in their home country.
RemotePass serves hundreds of organizations globally — from pre-seed startups to publicly listed companies – to provide users with a unified fintech experience in emerging markets, giving access to leading financial services and benefits that were previously unavailable in these territories.
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