back Back

Kuwait International Bank launches Biometric Visa Card in Kuwait

By Leandra Monteiro

May 30, 2023

  • Biometric Visa Card
  • Black Banking
  • Instant Payments
Share

KIB, digital banking, Kuwait International Bank, Kuwait International Bank (KIB) announced the launch of its Biometric Visa Card, which uses the customer’s fingerprint to authorize POS transactions.

The new offering will allow Visa Infinite cardholders to enroll their fingerprints on their biometric cards easily instead of requiring a PIN. The next-generation biometric card is based on Zwipe’s platform and dedicated to KIB’s Black Banking segment of customers, in line with the Bank’s digital transformational journey and ongoing efforts to provide its customers with digitally enhanced services and solutions.

Deema Al Mulaifi, Assistant General Manager of Operations at Kuwait International Bank said, “We are pleased to announce that our Black Banking segment customers can now enjoy innovative technology through the new Biometric Visa Card, which is designed to provide convenience and ease of access, with a high level of security against fraud attempts. The Biometric Card feature has the potential to provide our customers with a new method that adds value to their lifestyle, as they can request the Visa Infinite card and activate the fingerprint to make POS transactions with great ease. In addition to this secure and simple payment solution, which is in line with the Bank’s new authentication system, the Bank’s Black Banking segment customers enjoy a range of other premium banking benefits and exclusive rewards.”

Shashank Singh, Visa’s Vice President and General Manager for Kuwait and Qatar said, “Visa is committed to developing and investing in emerging capabilities such as biometrics for the benefit of consumers. That’s why we’re delighted to partner with KIB and Zwipe in bringing this innovative biometric card to consumers in Kuwait who can now enjoy a seamless, secure payment experience.”

Ramzi Saboury, General Manager for Zwipe for the MEA Region said, “We are proud and honored that the latest generatoin biometric card product from Zwipe is commercially launched in Kuwait by KIB, taking the lead globally in this initiative. We appreciate the trust in our technology and product that KIB has expressed to reach this milestone. Visa has been a key player since we started the certification process years ago all the way to going live today with the product ensuring the best users’ experience and high levels of security and data privacy in the newly revealed Zwipe Pay Card product.”

Previous Article

May 30, 2023

AAZZUR connects with Open Banking platform Salt Edge

Read More
Next Article

May 30, 2023

Mambu and Mia-FinTech partner to accelerate digital finance solutions

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Biometric Visa Card

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

Sopra Banking Software partners with Finom

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024