Kuwait Finance House (KFH) has launched its Visa Corporate Credit and Debit Cards with unique and various features, as part of its objective to meet the needs of companies for advanced payment solutions and provide innovative banking solutions and products according to the highest quality standards to enhance the experience of its customers.

Talal Al-Arbeed, Executive Director of Credit Card Products at KFH, said that the Visa corporate credit card is for corporate and business owners, linked to the company account, enabling them to issue the corporate card for the company's employees to manage their business expenses.  The credit card allows better cash flow management, greater control over employee expenses, online reporting, and easy access to transaction data.

Al-Arbeed explained that the Corporate Credit cards are offered in two categories: Visa Business Signature and Visa Business Platinum, in addition to corporate debit cards (ATM).

He pointed out that the Visa Business Signature and Visa Business Platinum cards provide critical benefits to company and employees such as company liability insurance against fraud, multi-trip travel insurance for the card holder, global personal assistance service (concierge), purchase protection, additional warranty service, access to 850 airport lounges around the world, and other benefits.

Al-Arbeed added that both Business cards Visa card also provides medical assistance service during travel, and international customer assistance services (GCAS), where the card provides services emergency support when needed while traveling. 

Al-Arbeed pointed to the availability of the Visa Explore application, which is the ideal companion for the Visa Business Signature cardholder and provides speed and ease of benefiting from the available international offers and experiences, as each offer has been classified and divided according to geographical location that allows cardholders to find what they want at any time and wherever they are.

Regarding the introduction of corporate debit cards, Al-Arbeed said that KFH is keen to provide all services that meet the needs of its corporate customers. A company can be issued Visa Business Credit and Visa Business Debit for one account to suit the needs of different companies. This makes KFH at the forefront in terms of providing the best payment services and facilities to companies. 

Ankush Devadason, Visa’s Head of Financial Institutions for Kuwait, said: “We are thrilled to partner with Kuwait Finance House in bringing these Visa cards to their corporate customer base in Kuwait. With these new commercial Visa cards, businesses of all sizes in Kuwait will have more visibility into spending that will help them to better monitor transactions and increase savings that can be reinvested in the business. The cards are also backed by Visa’s security technology and offer businesses the peace of mind of global acceptance at our 70 million plus merchant locations worldwide as well as international offers to make their business travel more rewarding.”

Al-Arbeed stressed that the strategy of developing card products and payment solutions will continue to reflect the outstanding performance of the bank and provide a unique banking experience with enhanced customer service to their customers, thus establishing KFH as the preferred bank for their corporate clients.