Business

In recognition of its excellence in Islamic banking and innovation, Visa has awarded Boubyan Bank three prestigious accolades for international card spending, premium card growth, and prepaid card expansion in 2024. These awards highlight the bank’s commitment to enhancing customer experience, developing cutting-edge banking solutions, and driving financial growth in Kuwait and beyond.

The honors include:

1. Best in Class International Spends (ITV) Growth – All Visa Cards
2. Best in Class Premium International Spends (ITV) Growth for Premium Visa Cards
3. Kuwait Airways Prepaid Growth Award

This recognition reflects Boubyan Bank’s strategic vision in delivering tailored banking solutions that cater to both local and international markets, ensuring sustainable growth and industry leadership.

A Testament to Banking Excellence

To mark the occasion, Abdullah Al-Tuwaijri, CEO of Private, Consumer, and Digital Banking, and Abdullah Al-Mejhem, Deputy CEO of Private and Consumer Banking, welcomed a delegation from Visa led by Dr. Saeeda Jaffar, Visa’s Senior Vice President and Group Country Manager for the GCC.

Al-Tuwaijri expressed pride in the bank’s achievement, stating:
"Being recognized by Visa reaffirms our leadership in digital banking and innovative financial solutions. Our growth in international card spending is a reflection of our relentless pursuit of excellence, as we continue to introduce banking products that align with evolving customer needs."

Driving Market Leadership with Innovation

Highlighting the significance of these awards, Al-Mejhem emphasized:
"These awards mark an important milestone in Boubyan Bank’s journey toward market leadership. Our success in international spending categories, particularly with premium Visa cards and prepaid solutions, demonstrates our ability to adapt to customer preferences and set new industry benchmarks."

Visa’s Dr. Saeeda Jaffar commended Boubyan Bank’s achievements, stating:
"We are proud of our longstanding partnership with Boubyan Bank, which continues to deliver cutting-edge payment solutions. We look forward to further strengthening our collaboration to enhance banking experiences in Kuwait."

Reinforcing Boubyan Bank’s Commitment to Excellence

Boubyan Bank continues to innovate through strategic partnerships and customer-focused initiatives, such as Boubyan Xperience, which was launched earlier this year to enhance digital banking services.

With a strong foundation in Islamic banking, premium financial products, and innovative digital solutions, Boubyan Bank remains at the forefront of Kuwait’s financial sector, setting new benchmarks in banking excellence, customer satisfaction, and global expansion.

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