Kuwait Finance House “KFH” has launched KFH Visa Foreign Currency prepaid cards which enable customers to easily charge and pay in different currencies during travel and online shopping.

The launch of the prepaid cards depicts KFH’s keenness to give customers a unique banking experience to fulfill their ambitions and aspirations. Also, it represents the bank’s strategy to develop its products and services and achieve an outstanding performance, expand its customer base, market share and its strong financial position in Kuwait and worldwide.

Acting Group Deputy General Manager Cards at KFH, Talal Al-Arbeed, said that the KFH Visa Foreign Currency prepaid card - the first Islamic Visa prepaid cards of their kind in the local market, help customers to manage their payments efficiently and pay directly in foreign currency without charging foreign currency exchange fees. He emphasized that the cards give travelers a smart and suitable method to carry their travel money. The cards are available in 5 main currencies: US Dollar, Pound Sterling, Euro, UAE Dirham and Saudi Riyal.

Al-Arbeed added that the cards provide unique advantages including avoiding fluctuations in exchange rate of the chosen currency, easy spending without exchanging the currency, protection of purchases and benefiting from continuous visa offers. The card is safer than cash.

Al-Arbeed indicated that the cards are very flexible in recharging through KFH application for smart phones KFHonline, KFH website www.kfh.com , KFH service “Aloo Baitak” on 1803333 in addition to KFH branches and KFH smart branches KFH Go.

He added that issuing the cards to the customer does not require the customer to have an account in KFH or make a salary transfer. The card does not require an annual commitment. He added that customers’ need to be 18 years old and above.

Al-Arbeed emphasized that KFH shall continue its success in the banking cards market. KFH shall continue to update and develop its services and products to enhance its leading position in the banking field on both local and regional levels, using the highest standards of quality and innovation, He referred to the great success of various campaigns for cards, the last of which was the “Ready for Summer” campaign which KFH launched to the holders of KFH Visa cards, thus enabling them to win Sea Ray or Fliteboard boats for 13 of KFH customers on local and global purchases (including online purchases in foreign currency)

Al-Arbeed highlighted KFH leadership in digital transformation using the most modern payment methods. He referred to the “smart wallet” service through smart mobiles and watches, that provide the latest smart and highly secured payment methods in cooperation with “Garmin”, “Fitbit” and “Samsung”. The holders of all KFH cards are now able to enjoy the smart and easy payment methods by passing the device or the smart watch on the POS which are compatible with “NFC” locally and globally.

Visa Country Manager for Kuwait, Ankush Devadason said: “KFH Visa foreign currency prepaid cards are flexible and secure, not to mention convenient. They allow cardholders to pay in up to five different currencies, online or in-store, and can be used anywhere. Visa cards are accepted in Kuwait and at Visa’s 70 million merchant partners worldwide. The KFH Visa foreign currency prepaid cards will enable consumers to fully enjoy the benefits of digital commerce and we are delighted to see KFH launch the first of their kind Islamic Visa foreign currency prepaid cards in Kuwait.”