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RemotePass Launches Debit Card Service For Digital Nomads
The new service will enable remote workers with an active RemotePass contract to receive instant payments.
The leading remote work platform, RemotePass, has launched a physical debit card for remote workers in emerging markets. The new service allows digital nomads with an active RemotePass contract to receive instant payments with zero fees, avoiding high SWIFT charges and the lengthy wait times typically associated with international transfers.
The new card service will allow users to hold funds in USD and can be used both online and offline globally, wherever Mastercard is accepted. The card forms part of the RemotePass Super App. It enables users to manage their contracts, subscribe to premium health insurance plans, track expenses, and access physical and virtual payroll cards for instant payment.
The new 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.
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.
To get started with the new service, RemotePass users simply need to upload documents via the app for verification and then request a card. Once an application has been approved — usually within 48 hours — users will have complete control of their card through the mobile app, enabling them to freeze, terminate, view, and manage transactions. The RemotePass card uses 3-D Secure, which provides additional authentication for online transactions. For offline use, cardholders are required to enter their PIN for extra security.
Also Read: A Guide To Digital Payment Methods In The Middle East
“Our physical card is just one of the many ways we’re helping remote workers get the financial freedom they need to thrive. We are working with different partners to bring more localized financial services and benefits such as a reward program, advance pay and pension plans,” says Kamal Reggad, co-founder & CEO of RemotePass.
A global survey conducted by Prudential found that 42% of remote workers would consider seeking new employment if their current employer removed work-from-home options. Meanwhile, FlexJobs reported a 105% rise in searches for “remote, part-time jobs” last year, proving the need for an efficient means of receiving cross-border funds.
News
NASA Forms New Partnership With Saudi Space Agency
The pair will collaborate on the Center for Space Futures, advancing space tech by bringing together public and private stakeholders.
Saudi Arabia’s space industry is on the brink of substantial expansion after generating $400 million in revenue in 2022, according to a report by the Saudi Communications, Space and Technology Commission.
Now, in a new venture with NASA, plans for a “Center for Space Futures” are set to further drive the Kingdom’s aspirations of becoming a leading player in space exploration and technology.
Capturing moments from the joint delegation visit with leaders from the Saudi and American Space Agencies @NASA to @PSU_RUH, along with scenes showcasing the audience's engagement. pic.twitter.com/oB1cFTiRNl
— وكالة الفضاء السعودية (@saudispace) May 14, 2024
The partnership between NASA and Saudi Arabia goes beyond economic advantages. The pair have already cooperated on preliminary work for the Artemis II lunar mission, which is slated for a September 2025 launch and aims to land astronauts near the moon’s South Pole.
Also Read: Plans Underway For Massive Middle East Autonomous Freight Network
During a visit to the capital, Riyadh, NASA Administrator Bill Nelson emphasized in a TV interview the broader objectives of the collaboration, which encompass “returning to the moon and then [to] Mars” while utilizing space exploration to glean important insights into climate change. The NASA spokesman also reiterated the space agency’s dedication to collaborating with Saudi Arabia on other future ventures.
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