32% surge on spend volume on KFH Visa cards used overseas during 2018 summer
KUWAIT: Group Chief Retail and Private Banking Officer at Kuwait Finance House (KFH), Waleed Khaled Mandani said that the spend volume on KFH Visa cards used overseas climbed 32 percent during the June to August period over the same period last year.
Mandani indicated this considerable surge confirms the Bank’s strong position in the banking cards market. It clearly demonstrates the value KFH cardholders perceive in KFH card products as they enjoy a variety of exclusive and special rewarding features and prizes, not to mention the widespread banking network and twenty-four/seven services.
He added: “The use of cards to make payments has continued to gain momentum. KFH set a new internal record for the total value of transactions made by its Visa cardholders abroad this year.”
Mandani continued: “This achievement is attributable to the efficiency of KFH-Visa cards and the newly developed campaigns KFH launched for customers where the feedback, by the Grace of Allah, beat estimates as KFH has been always keen on staying on top of evolving customer expectations.”
KFH launched KFH-Wallet, a ‘Mobile Wallet Payment Service’, for the bank’s Visa credit and prepaid cardholders as part of the Bank’s effort to continue providing better customer experience and more flexible payment options for customers when using KFH cards payments solutions.
KFH has launched “KFH” Visa Signature Credit card that offers customers a unique experience for enjoying a world of exclusive privileges, luxury and convenience that are carefully selected and tailored
to suit their lifestyle. Cardholders are eligible to get up to 6 percent cashback on their monthly spends in addition to a plethora of enhanced benefits.
Also, with the recent KFH and Visa Debit card campaign, 6 KFH customers had won a unique 6-day trip to London in a private jet for themselves and their companions, in addition to accommodation in a 5-star hotel premium suite, luxury car with chauffeur service and KD 2000 cash credit to enjoy a unique shopping experience.
KFH had recently launched “Your KFH card, the key to your house in Turkey” campaign where 3 winners will win the house of their choice in Turkey with furniture and home appliances, in addition, fly business class to Turkey with a companion and stay in a 5 star hotel for 5 nights when using any of “KFH” Visa cards (Debit, Credit or Prepaid) to pay for their domestic or international purchases.
He revealed that there are many more exciting campaigns and products that KFH and Visa will be launching very soon to offer customers rewarding experiences for using their KFH Visa Cards. KFH is tirelessly striving to better serve customers by offering high-end products and services based on an in-depth study and analysis.
Shashank Singh, Visa General Manager for Kuwait, Oman, Bahrain and Qatar said: “We are delighted to see that our partnership with KFH has generated strong results for the bank and helped bring value to its customers. As the global payments company, our goal is to work closely with our partners such as KFH to deliver customers an enhanced payment experience so that they are able transact in a convenient, secure and frictionless way.”