Tag Archives: John Iossifidis

Noor Bank and Jumeirah Group have announced partnership to launch a suite of premium rewards available to Noor Bank customers. As part of the roll-out, select retail banking clients will receive complimentary Jumeirah Sirius memberships that allow them to enjoy a range of exclusive experiences and privileges across Jumeirah’s extensive portfolio of luxury hotels, residences, resorts and restaurants around the world. The collaboration reinforces the bank’s commitment to introducing unique and innovative propositions, and providing its customers access to a wealth of value-added lifestyle privileges with leading loyalty reward partners. John Iossifidis, Chief Executive Officer, Noor Bank, said, “In line with our efforts to implement value-added services to enhance customer experiences, we are delighted to partner with Jumeirah Group to present this offer to our customers. The collaboration brings tangible benefits to Noor Bank clients as well as Jumeirah outlets across the globe, and will go a long way in establishing Noor Bank as the bank of choice.” Jose Silva, Chief Operating Officer, Jumeirah Group, said, “Partnering with Noor Bank enables Jumeirah to reach a new audience, which is an important step in achieving our Jumeirah Sirius growth goals and is of strategic importance. It represents more than just driving guest behaviour through incentives. It is a way for Jumeirah to build relationships and connect more meaningfully with our loyal guests, and is an opportunity to thank Noor Bank customers for choosing Jumeirah.”

Noor Bank has collaborated with UB QFPay, the joint venture between Dubai-based United Brands (UBPAY) and China-based QFPay, to bring a new and innovative mobile payment solution to the UAE. The solution, a first-of-its-kind in the region, will enable tourists as well as overseas visitors to make payments at retail outlets in the UAE using multiple international mobile wallets from various markets. As part of its collaboration, Noor Bank will handle all transaction settlements for the solution while UB QFPay will allow retail outlets within the UAE to accept secure payments from tourists who wish to pay from their preferred mobile wallets for their purchases. John Iossifidis, CEO, Noor Bank said, “I am proud of the collaborative efforts between UB QFPay and our Global Transaction Services (GTS) team to introduce a new payment solution in the market. The solution will allow overseas visitors to use international mobile wallets for the purchase of goods and services in UAE, for the first time. This partnership is well aligned to the strategic focus of the bank on delivering an enhanced customer experience through digital transformation.” Ahmed Alrafi, Managing Director, UB QFPay said, “Chinese tourists are a huge segment for retailers in the UAE, who have focused on attracting more Chinese shoppers to their stores and UB QFPay makes them ‘China Ready’ by allowing Chinese tourists to pay with their preferred mode of payment.”