Al Ahli Bank launches 3 new Visa cards for companies and small businesses

Kuwait Finance House (KFH) has launched three new Visa cards (ATM, credit, and prepaid) for small and medium-sized enterprises (SMEs) in Kuwait, reflecting its ongoing commitment to innovating banking solutions that meet today’s customer needs.

The new cards include the Visa Signature credit card, offering cashback of up to 2% with a monthly cap of 1,000 Kuwaiti dinars, and the Visa Prepaid card, which provides a fixed 1% cashback 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, providing companies with essential tools to digitally manage expenses.

Commenting on the launch, Juhair Ma’arfi, General Manager of Retail Banking Services, 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.”

Ma’arfi emphasized that the introduction of Visa cards for businesses demonstrates KFH’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 KFH’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 Kuwait Finance House supports Kuwait’s national agenda to enhance digital commerce by providing solutions that boost efficiency and support the long-term growth of local businesses.”

This launch comes as KFH products hold a leading position in the market, offering more competitive fees (50 dinars for issuing the credit card, and lifetime free prepaid cards), along with easy card transaction management.