With Special Offers and Competitive Rates

Al-Arbeed: "Warba is in the process of developing an Online Merchant Portal"

Kuwait, 29 March 2014: Warba Bank today announced the roll-out of its Point of Sale (POS) terminal and the Electronic Payment Gateway (EPG) services, enabling its merchant customers to collect payments from their respective clients at competitive rates and in line with the provisions of the Islamic Sharia.

Commenting of this event, Talal Al-Arbeed, Cards Department Manager - Warba's Retail Banking Group, said: "The POS terminal service has specially been designed to serve Warba's merchant customers holding appropriate commercial licenses. Indeed, the use of electronic banking products and services results in achieving greater profitability, saving administrative costs as well as organizing and developing sales."

"By using POS terminals, Warba's merchant customers will be able to develop their sales and collect payments from their clients holding any K-Net, Visa or Master Card, to be deposited directly into their bank accounts. Additionally, Warba is in the process of developing an online merchant portal as well as mobile applications for Apple and Android systems so as to enable customers to safely, confidentially and efficiently check the financial transactions made via the POS terminal," added Al-Arbeed.

He pointed out that: "Warba Bank introduces the Electronic Payment Gateway for merchant customers, enabling them to collect their payments. By doing so, Warba Bank contributes to supporting entrepreneur customers, streamlining their financial transactions in a very confidential manner."

Al-Arbeed concluded: "Warba Bank is renowned for its on-going interest in launching state-of-the-art banking products and services to meet the banking needs of its various customer segments. Characterized by its easy and fast processing, Warba's range of products and services covers all types of customers and merchants, and is introduced to them in a flexible and modern way."

Merchants can learn more about the Point of Sale (POS) terminal and Electronic Payment Gateway (EPG) services by calling 1825555, or visiting one of Warba's branches.

-Ends-

About Warba Bank:
Warba Bank, an Islamic Bank established by virtue of an Amiri Decree, was officially registered in the Central Bank of Kuwait's register of Islamic Banks on April 5th, 2010. The State of Kuwait, represented by Kuwait Investment Authority (KIA), owns 24% of the bank's total shares, while the remaining 76% of shares, fully subscribed by the government, has been equally allocated to all Kuwaiti nationals. Warba Bank offers a range of customized Sharia compliant services and solutions which are available through the banks three divisions of Retail Banking Group, Corporate Banking Group, and Investment and Treasury Group. Branching out in 6 strategic locations, Warba Bank has over 250 employees.

For media information, please contact:
Nadin Al Alami /  Mariam Janjelo
ASDA'A Burson Marstellar
Tel: 00965 22901571   
Email: nadin.alami@bm.com / mariam.Janjelo@bm.com

© Press Release 2014