Commercial Bank of Kuwait & Network International team to enhance digital banking
By Delisha Fernandes
Commercial Bank of Kuwait (Al-Tijari) has partnered with Network International (Network) to enhance Al-Tijari’s ongoing digital transformation and payment innovation initiatives.
Sheikh Ahmad Duaij Al-Sabah, Chairman of Commercial Bank of Kuwait, said, “Commercial Bank of Kuwait has a rich history of innovation and excellence in banking services that positions us among international banking standards. The partnership with Network International strengthens our leadership in the industry and signifies our ongoing commitment to our valued customers.”
The partnership marks a significant milestone in the digital transformation journey of Al-Tijari. The bank will leverage Network’s technology and expertise in end-to-end issuer processing capabilities, including fraud detection and prevention, tokenisation, cardholder self-serve application, advanced authentication, and instant issuance, among other services, to offer its customers progressive and innovative digital experiences.
Nandan Mer, Group Chief Executive Officer of Network International, said, “We are honoured to partner with Al-Tijari, a respected leader in Kuwait’s banking sector. Our collaboration is aimed at delivering innovative digital payment solutions to Al-Tijari’s growing customer base. As a preferred partner for several diverse financial institutions in the MEA region, we are excited to contribute our proven expertise in digital payment solutions to this dynamic partnership.”
“The Kuwaiti market is undergoing significant transformation, driven by unprecedented digital payment adoption,” Mer added. “We are committed to supporting this growth and eagerly anticipate our role in Al-Tijari’s journey towards digital excellence.”
Network International’s local and regional expertise in digital payments and financial inclusion aligns perfectly with Al-Tijari’s vision. This partnership represents a substantial advancement in Kuwait’s digital banking sector and affirms the shared dedication of both institutions to providing innovative financial services in the region.
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February 23, 2024
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