REMOTEPASS LAUNCHES PHYSICAL DEBIT CARD FOR REMOTE TEAMS IN EMERGING MARKETS

RemotePass, a leading platform for remote work, has launched its physical debit card for remote teams in emerging markets. With this new service, remote workers with an active contract on RemotePass can receive instant payments with zero fees, avoiding the hefty SWIFT fees and delays typically associated with international transfers.

The card is powered by MatchMove, a leading financial technology company and a licensed and regulated Mastercard card issuer headquartered in Singapore. This state-of-the-art service will allow global remote workers to hold funds in USD, giving them complete control over their finances. The card can be used online and offline globally, wherever Mastercard is accepted.

Historically, remote workers — and especially those in emerging markets — have largely relied on SWIFT transfers to receive their money internationally, which can be lengthy and comes with high exchange and transfer costs. 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.

The RemotePass product offering is in line with the UAE government's vision of attracting 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.