The Union National Bank (UNB) has announced that it has signed mutual agreement with the Abu Dhabi Co-operative Society (Adcoops).

The bank has entered into this alliance with the aim to launch a shopping card along with Visa Inc.

The sources informed that UNB-Adcoop's "Extra Card" is aimed at easing residents' shopping pressures with 50 per cent off on special-offer products.

The sources further added that the objective behind the alliance is to create a best-in-class loyalty scheme in the market to allow the residents to get better value for money.

With the card, shoppers will be able to get back 3.55% cash on all purchases and will also get 50% discount on special-offer products and Costless Electronics and Infotech products.

"Shoppers throughout Adcoops outlets will be saving Dh800 a year for a monthly expenditure of Dh2,000, or Dh24,000 a year," said Thomas.

(via TopNews Arab Emirates. Contributed by Faarooq Mehmood)