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Revenues for period

$13,779.4m

Net profit att. to shareholders

  $636.7m

Earnings per stock unit

  $1.95

1st Quarter 2008 (Un-audited)

 

Grace, Kennedy (Trinidad & Tobago) Launches Pre-paid Visa Travel Card

 

Grace, Kennedy (Trinidad & Tobago) Limited recently launched its FX Trader Cash Card at a media launch at Chancellor Hotel and Conference Centre in Port of Spain, Trinidad. A joint initiative between Republic Bank and GraceKennedy, the FX Trader Cash Card is an easily accessible and convenient pre-paid re-loadable Visa travel card that is accepted internationally.

According to Vanessa Ramparoop, Operations Manager, FX Trader, "The concept of the "card" here in Trinidad & Tobago is particularly strong, since the public is very plastic oriented. You can go to an ATM when you're abroad and as long as you see the VISA sign, insert the card, pin and request your money. You can even go to a point of sale or restaurant, swipe your card and the money is debited."

In continuing, she said "The amount of money on the card is dependent on how much you actually load unto it, but up to a maximum of US$5, 000. It is primarily US dollar denominated. It's convenient, secure, modern and it has strong brands associated with it."

The FX Trader Cash Card is accepted worldwide at any point of sale and VISA Automated Teller Machines (ATMs). Customers will have a 24-hour access card that allows them to receive funds from more than 840, 000 ATMs and can make purchases at over 30 million merchants in more than 150 countries. Each card has a PIN (personal identification number) and is safe and secure so if you lose your card, you don't lose your money.

To get the FX Trader Cash Card, you have to pay US$10.00 and each time you load funds it costs you 1.15 per cent (US dollars) of the value that you load on it, if used at an ATM.

"Grace, Kennedy is fully committed to providing the best quality products that are simple and accessible," says Maria Chong Ton, Country Director, Grace, Kennedy (Trinidad and Tobago) Limited. "This is yet another innovation to meet and exceed the needs of our customers".

Ms. Chong Ton also stated that customers may sign up for the FX Trader Cash Card at any of the 17 locations throughout Trinidad & Tobago.

FX Trader is one of the leading foreign exchanges Cambios in Trinidad and was established on March 20, 2002. FX Trader Cambio trades at very competitive rates in the following currencies:

  • United States Dollars
  • British Pounds
  • Euro
  • Canadian Dollars
  • Eastern Caribbean Dollars.
  • Barbados Dollars

 

Posted: March 5, 2005

 

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