Product Manager - Prepaid Cards

Engagement details: • Job Title: Product Manager - Prepaid Cards • Client: Global Cards & Payments Firm • End-client: Leading Bank • Employment type: Initial 12-month contract, with strong potential for extension • Location: Onsite in Dubai, United Arab Emirates • Experience level: 6-8 years • Availability: Immediate/30-day notice *United Arab Emirates market experience is a mandatory requirement for this role Role Overview: Our client, a global leader in the Cards & Payments industry, is engaged with a leading bank in Dubai and is seeking to onboard a Prepaid Cards Product Manager. The client is preparing to launch a digital wallet based on prepaid card products under its established consumer payment platform -a market-leading app serving secure fee payments, installment plans, and digital enterprise management tools. This role will own the end-to-end product lifecycle of the new prepaid card -from regulatory readiness and CVP definition through BIN setup, scheme onboarding, go-live, and post-launch portfolio optimization as well as the complete life cycle of the wallet proposition. The successful candidate will also carry portfolio management responsibilities across the platform's product ecosystem, ensuring the prepaid card integrates seamlessly with existing payment rails and drives measurable growth in card issuance, activation, and spend. This is a high-impact opportunity to shape a net-new prepaid proposition within a digitally progressive bank that is actively expanding its digital payments footprint. Key Responsibilities: Product Launch Execution (~40%): Drive all prepaid card launch workstreams - including UAE Central Bank regulatory submissions, BIN setup, scheme onboarding (Mastercard/Visa), card profiling, KYC/AML flow design, limit configuration, testing, and go-live readiness. CVP Design & Commercialization (~25%): Define the prepaid card customer value proposition (features, pricing, rewards, digital wallet integration -Apple Pay, Google Pay, Samsung Pay), ensuring alignment with the platform's existing user base and the client's broader retail strategy. Portfolio Management & P&L Oversight (~20%): Monitor portfolio performance across activation rates, average load/spend, revenue per active card, churn, and fraud; manage the prepaid card P&L(interchange, fees, funding costs, scheme fees) and recommend actions to improve profitability. Cross-Functional Coordination (~10%): Serve as the central product contact across the client's technology, operations, risk, finance, marketing, and platform teams, as well as external scheme partners and processors. Reporting & Governance (~5%): Prepare monthly performance dashboards and insight packs for senior stakeholders; support steering committees by tracking milestones, risks, and issue resolution. Requirements: • 6-8 years of experience in Prepaid card product launch, from CVP design and BIN setup through go-live and post-launch optimization • UAE/GCC market experience in card issuing or digital payments product management • Portfolio analytics - ability to interpret performance data (activation, spend, churn, P&L) and translate into actionable product and commercial decisions • Scheme coordination - working knowledge of Mastercard and/or Visa card issuing processes, pricing, and compliance requirements • Professional proficiency in English Show more Show less

6-8 years of experience in prepaid card product launch, from CVP design and BIN setup through go-live and post-launch optimization; UAE/GCC market experience in card issuing or digital payments product management; Portfolio analytics - ability to interpret performance data (activation, spend, churn, P&L) and translate into actionable product and commercial decisions; Scheme coordination - working knowledge of Mastercard and/or Visa card issuing processes, pricing, and compliance requirements; Professional proficiency in English.

Product Launch Execution (~40%): Drive all prepaid card launch workstreams - including UAE Central Bank regulatory submissions, BIN setup, scheme onboarding (Mastercard/Visa), card profiling, KYC/AML flow design, limit configuration, testing, and go-live readiness. CVP Design & Commercialization (~25%): Define the prepaid card customer value proposition (features, pricing, rewards, digital wallet integration - Apple Pay, Google Pay, Samsung Pay). Portfolio Management & P&L Oversight (~20%): Monitor portfolio performance across activation rates, average load/spend, revenue per active card, churn, and fraud; manage the prepaid card P&L (interchange, fees, funding costs, scheme fees) and recommend actions to improve profitability. Cross-Functional Coordination (~10%): Serve as the central product contact across the client's technology, operations, risk, finance, marketing, and platform teams, as well as external scheme partners and processors. Reporting & Governance (~5%): Prepare monthly performance dashboards and insight packs for senior stakeholders; support steering committees by tracking milestones, risks, and issue resolution.