Al Ahli Bank launches three new Visa cards for small and medium-sized enterprises
The National Bank of Kuwait has launched three new Visa cards (ATM, credit, and prepaid) for small and medium-sized enterprises (SMEs) in the State of Kuwait, reflecting its ongoing commitment to innovating banking solutions that meet today’s customer needs.
The new cards include the Visa Signature credit card, which offers cashback of up to 2 percent with a maximum of 1,000 Kuwaiti Dinars per month, and the Visa Prepaid card, which provides a fixed cashback rate of 1 percent with no monthly cap. An unlimited number of prepaid cards can be issued digitally and assigned to specific vendors, enabling real-time and accurate data to reduce administrative costs.
These cards stand out by offering the highest cashback value for businesses in Kuwait, while leveraging the advanced Visa Spend Clarity platform at no additional cost, thereby providing companies with essential tools to digitally manage expenses.
Commenting on the launch, Juhair Maaref, Director of Retail Banking Services at the National Bank of Kuwait, said: “The launch of these cards represents a significant leap forward in our strategy to digitize financial operations for businesses. They enable spending control while providing liquidity that supports institutional growth.”
Maaref emphasized that the introduction of Visa cards for businesses demonstrates the National Bank of Kuwait’s commitment to delivering appropriate solutions to meet the needs of the business sector. She added that this collaboration will lead the market into a new era of digital payments, enhancing customer confidence in executing transactions through the bank’s diverse solutions.
For his part, Shashank Singh, Vice President at Visa, stated: “We are committed to supporting SMEs through secure, seamless, and innovative digital payment solutions that accelerate their digital transformation. Our partnership with the National Bank of Kuwait supports Kuwait’s national agenda to boost digital commerce by providing solutions that enhance efficiency and support the long-term growth of local businesses.”
This launch comes as National Bank of Kuwait products hold a leading position in the market, offering more competitive fees (50 Kuwaiti Dinars for issuing the credit card, and lifetime free prepaid cards), along with easy transaction management.
