Kuwait Finance House (KFH), the leading Islamic financial institution, has been recognized in Kuwait by MasterCard in recognition of outstanding performance in 2014 across the card payment products. The outstanding performance was achieved on the back of introduction of co-brand card launches in partnership with MasterCard and innovative marketing campaigns. KFH is also now the largest MasterCard issuer in Kuwait in terms of payment volumes on MasterCard cards.

KFH’s Chief Executive Officer, Mazin Saad Al-Nahedh, stated, on receiving the award from Pankaj Kathuria, MasterCard Area Head for Southern Gulf, at KFH Headquarters in presence of officials from both parties that the new achievement KFH obtained in the field of banking cards and the huge turnout on its credit products are the culmination of paradigm rewards and competitive benefits added to KFH cardholders. He added that the award confirms the efficiency of KFH products.

Al-Nahedh stressed KFH’s keenness on continuously reinforcing the value of its banking cards and utilizing technology to further meet clients’ accelerating requirements in line with the international standards of service quality. He underlined the importance of putting clients on top of the priority pyramid, rendering them high end services and catering for their aspirations.

Meanwhile, Kathuria said “KFH has been a key advocate for furthering electronic payment solutions in Kuwait and the bank’s leadership has always been a staunch supporter of our vision of a world beyond cash. We congratulate KFH on delivering an outstanding performance in 2014 and we look forward to jointly achieving greater milestones in the near future.”

For his Part, Banking Cards Deputy General Manager at KFH, Julio Lobo, said that KFH cards enjoy superb benefits such as unprecedented discounts, widespread banking network, twenty-four seven services, 3D secure feature for secured internet transactions, unique design for each and every segment of the customers, daily prizes, diversity that meets clients’ needs, SMS service and E-statements for credit and prepaid cards, In addition to competitive credit facilities.

He indicated that KFH is the first bank to introduce co-brand prepaid cards with Airline (KFH-Oasis card) and Telecom (KFH-Nojoom), which highlights KFH’s initiatives to cement relationships and increase cooperation and coordination with the government and private sector’s institutions.