Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- KFH launches KFH-Nojoom co-branded 'prepaid card'  Join our daily free Newsletter

MENAFN - Arab Times - 17/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait Finance House (KFH) today announced the launch of the KFH-Nojoom co-branded MasterCard Prepaid Card in collaboration with Wataniya Telecom. The new card is aimed at encouraging the bank's customers to use their prepaid cards for local and overseas purchases, and is in line with KFH's commitment to introduce innovative and customized payment solutions that complement cardholders' lifestyles.



"KFH-Nojoom is a co-branded prepaid card that has been developed in collaboration with MasterCard and Wataniya Telecom and it offers Nojoom members an opportunity to earn reward points when using the card locally or abroad," said Mohammad Al-Fouzan, Chief Retail Banking Officer, Kuwait Finance House. "These points can be redeemed in the form of free minutes from Wataniya in addition to many gifts from redemption partners. The card contributes in strengthening relationships with Kuwaiti corporations, thus serving clients and offering them competitive privileges and splendid discounts.



Co-branded



Al-Fouzan added that once the card is activated, the client will be granted 3333 points bonus and 4 points for every purchase worth KD 1. Clients are granted a wide range of redemption options, including talk time, clothes, electronics, air tickets, fuel, restaurants, meals and more. He further explained that the KFH-Nojoom co-branded MasterCard Prepaid Card allows cardholders to take advantage of 50% discount at 500 stores, and grants automatic membership of the Privilege Club card to avail of up to 25% discounts at Crowne Plaza and Holiday Inn restaurants.



The KFH-Nojoom co-branded MasterCard Prepaid Card is accepted by over 10 million merchants and ATM machines worldwide, and is equipped with 3D secure service to ensure secure online payments. The card also offers SMS Baitak service for cardholders to keep track of transactions outside Kuwait, standing order options, and giving them several chances to win prizes from KFH. Al-Fouzan went on to say that cardholders will also enjoy the privileges of various MasterCard promotions



"It's not conditional to have a KFH account to apply for a KFH-Nojoom MasterCard Prepaid Card. All Wataniya Telecom clients and Nojoom members are eligible to acquire the card if the client is 18 years old or above," Al Fouzan said



Furthermore, Al-Fouzan mentioned that this card is a safer option than carrying money, and allows clients to control their expenses. He noted that KFH has always been keen to reinforce its market share by raising awareness amongst clients about the importance of using electronic payment solutions, especially since this is fast becoming a global trend. He applauded, on the side line of the launch at KFH headquarters, the bank's collaboration with Wataniya Telecom, and praised the efforts of the team to make this promotion successful.



"We are delighted to collaborate with Kuwait Finance House and Al Wataniya Telecom to launch this card. The KFH-Nojoom co-branded MasterCard Prepaid Card offers cardholders a host of benefits and privileges that meet their unique needs" said Pankaj Kathuria, area head for Southern Gulf, MasterCard. "We will continue to work closely with our partners to provide innovative and relevant solutions that make payments safer, securer, and more convenient for everyone.



Moreover, clients can check their card balance through many channels, such as KFHonline, Allo Baitak, ATM machines and KFH branches. In addition, they can check Nojoom rewards points balance by visiting www.wataniya.com/rewards

 


Arab Times




  MENA News Headlines
 Nov 23 2014 - OPEC won't cut production ceiling say Kuwaiti expertsArab Times
(MENAFN - Arab Times) KUWAIT Nov 22 (KUNA): The Organization of Petroleum Exporting Countries (OPEC) will not likely lower oil production ceiling in its upcoming Nov 27 meeting two Kuwait oil experts ...

 Nov 23 2014 - KFH unit Kuveyt Turk wins awardArab Times
(MENAFN - Arab Times) ISTANBUL Nov 18 (Agencies): Kuveyt Turk won GFC Global Financial Conferences' Bonds & Loans Award for Islamic Capital Markets Deal of the Year at Esma Sultan Palace last ...

 Nov 23 2014 - Qatar- HH the Emir Meets Uruguay AmbassadorQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani met today at his Emiri Diwan Office with Ambassador of the Republic of Uruguay Jose Luis Remedi whose term of office has expired At the ...

 Nov 23 2014 - Somalia's Culture Minister Meets Charge D'affaires of Qatar's EmbassyQatar News Agency
(MENAFN - QNA) Somalia's Minister of Culture and Higher Education Duale Adam Mohammed conferred with Charge D'affaires of Qatar's Embassy in Somalia Hasan bin Hamza Asad Mohamed. The meeting ...

 Nov 23 2014 - Qatar- Foreign Minister's Assistant Meets Vietnamese CounterpartQatar News Agency
(MENAFN - QNA) HE the Foreign Minister's Assistant for Foreign Affairs met here on Sunday with Vietnamese Deputy Foreign Minister Pham Quang Vinh. The meeting dealt with bilateral ties and means to ...

 Nov 23 2014 - Law protects 'expatriates'Arab Times
(MENAFN - Arab Times) KUWAIT CITY Nov 21 (KUNA): Director- General of the Public Authority for Manpower Jamal Al-Dosary on Thursday reaffirmed commitment of the authority to protect expatriate ...

 Nov 23 2014 - Worker dies in grenade attack on MQM campKhaleej Times
(MENAFN - Khaleej Times) A Muttahida Qaumi Movement activist who was among 20 people wounded in a grenade attack on an MQM camp in Karachi succumbed to his injuries in hospital on Saturday. Three ...

 Nov 23 2014 - UAE- Sri Lankas Sirisena vows to abolish presidency in 100 daysKhaleej Times
(MENAFN - Khaleej Times) The defected health minister vowed to wipe out nepotism corruption and the abuse of the rule of law. Following the defection of the ruling party’s general-secretary ...

 Nov 23 2014 - UAE- 4 dead 30 missing in Nepal as bus falls in riverKhaleej Times
(MENAFN - Khaleej Times) Police said the bus drove about 50 meters (160 feet) off the road and plunged into the Bheri River near Bhur village about 400 kilometers (250 miles) west of the capital ...

 Nov 23 2014 - UAE- How to get in the mood to train this winterKhaleej Times
(MENAFN - Khaleej Times) As the mercury drops tennis player Belinda Bencic shares some tips on how to get in the mood to train this winter The winter seasongives plenty of excuses not to workout ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help