Visa has honored Boubyan Bank with three prestigious awards for 2024, recognizing its excellence in international card spending, premium cards, and prepaid cards.
The bank received awards for the ‘Best in Class International Spends (ITV) growth – All Visa Cards’, the ‘Best in Class Premium International Spends (ITV) growth for Premium Visa Cards’, and the ‘Kuwait Airways Prepaid Growth’.
This achievement reflects Boubyan Bank’s leadership in Islamic banking and its commitment to performance excellence as well as the bank’s ongoing efforts towards success and sustainable growth.
“We are honored to recognize Boubyan Bank’s exceptional achievements in driving growth in international spending on Visa cards and offering payment solutions that meet the needs of its customers. At Visa, we are proud of our longstanding partnership with Boubyan Bank, and we look forward to continuing our strategic partnership to achieve more future successes in delivering seamless and secure banking and payment experiences for consumers in Kuwait.”
Abdullah Al-Tuwaijri, Boubyan Bank’s Chief Executive Officer – Private, Consumer, and Digital Banking, said that, “We feel proud and honored to be recognized with such prestigious awards from Visa since they serve as a testament to the excellence of Boubyan, emphasizing that the bank continues to reinforce its international standing, relying on innovative strategies which align well with the evolving customer needs in global markets through the launch of unique banking offerings, thereby achieving the best international spending growth of Visa cards in Kuwait for 2024.”
“Topping the list of major banks in Kuwait by achieving the highest growth rates in international card spending on Visa cards is a testament to our tireless work and crystal-clear strategic vision aimed at strengthening the bank’s position and leadership in offering innovative solutions, whereby we deliver top service levels that befit our customers’ modern lifestyles and exceed their expectations. Additionally, this serves as a special recognition, especially since it comes from an institution that is renowned for its fairness and professionalism,” Al-Tuwaijri added.
Abdullah Al-Mejhem, Deputy Chief Executive Officer – Private and Consumer Banking, noted that, “These awards are international recognition of Boubyan Bank’s high-performance levels, particularly in the areas of international Visa card spending and market growth. The bank led the list of local banks in these areas, recording growth in international spending categories for all Boubyan Bank Visa cards and premium Boubyan Visa cards in Kuwait. Additionally, the bank was further recognized for the growth of Kuwait Airways Prepaid Visa Cards in the spending area.”
“These awards are a new milestone in Boubyan Bank’s journey towards leadership in the banking sector, and they demonstrate its commitment to offering the best banking solutions to its customers, coupled with the best tech and innovations while focusing on reinforcing excellence in international banking services and unique products that meet the expectations of all customer segments, thus contributing to an ideal banking experience. We continue our efforts to develop our products to cater to market needs for banking services in line with the best international standards,” Al-Mejhem concluded.
