Commercial Bank of Kuwait (Al-Tijari), a prominent financial institution in Kuwait, and Network International, a leading facilitator of digital commerce in the Middle East and Africa (MEA) region, have announced a strategic collaboration to significantly advance Al-Tijari’s ongoing digital transformation and payment innovation initiatives.
This partnership is a crucial milestone in Al-Tijari’s digital transformation journey. As the second oldest and one of the leading financial institutions in Kuwait, Al-Tijari aims to enhance its digital offerings by leveraging Network’s cutting-edge technology and expertise. Network International will provide end-to-end issuer processing capabilities, encompassing fraud detection and prevention, tokenization, cardholder self-serve application, advanced authentication, and instant issuance, among other services. These capabilities will enable Al-Tijari to deliver progressive and innovative digital experiences to its customers.
Sheikh Ahmad Duaij Al-Sabah, Chairman of Commercial Bank of Kuwait, commented on the partnership, stating, “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.”
Abdulaziz Al Zaabi, General Manager, Retail Banking Division, at Commercial Bank of Kuwait, added, “With this partnership, Commercial Bank of Kuwait aims to leverage Network’s vast knowledge and global experience in creating cutting-edge Card Payment solutions. Together, with our banking expertise, we aim to provide our customers with agile, secure, innovative services that are seamlessly executed and exceed their expectations.”
Nandan Mer, Group Chief Executive Officer of Network International, expressed his enthusiasm, stating, “We are honored 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.”
Mer further highlighted the commitment to supporting Kuwait’s digital payment adoption, stating, “The Kuwaiti market is undergoing significant transformation, driven by unprecedented digital payment adoption. We are committed to supporting this growth and eagerly anticipate our role in Al-Tijari’s journey towards digital excellence.”
This partnership signifies a substantial advancement in Kuwait’s digital banking sector, aligning perfectly with both institutions’ dedication to providing innovative financial services in the region.