For facilitating an eCommerce payment gateway for X-cite's customers

Kuwait - 30 May 2012: Gulf Bank and Knet were recently honored by Alghanim Electronics, for their contributions toward the development and launch of xcite.com's eCommerce payment gateway.  An appreciation event took place at Ricardo's Restaurant, Sheraton Hotel, on Wednesday, 23rd May, to recognize the exceptional collaboration and achievements of the teams from Gulf Bank, Knet and xcite.com. A number of key representatives attended from the three organizations.

Samer Sayegh, Vice President - Alghanim Electronics said: "The launch of xcite.com re-emphasizes our continuous commitment to innovation and customer convenience. As a responsible market leader, we have always been successful in bringing international best practices to our consumers in Kuwait. With the help of the Gulf Bank and Knet, we now offer our customers round-the-clock, secure access to our vast range of products and services."

Eman Ali, Assistant General Manager, Consumer Banking Group at Gulf Bank said: "At Gulf Bank, we have identified the importance of eCommerce and customers' reliance on online shopping. eCommerce is a growing industry, and with the assistance of both Gulf Bank and Knet, an eCommerce payment gateway was set up to cater for xcite.com's customers, allowing them to pay via their credit card or Knet debit cards when shopping online. We strongly believe in the importance of security and ease of procedures for our customers, and through this collaborative effort, Gulf Bank along with Knet and xcite.com's team were able to facilitate payments through their portal."  

Abdulla Al-Ajmi, Knet General Manager said: "Since the launch, customers have been actively shopping online and making use of the payment gateway, and we can confirm that sales have been going strong. By allowing customers to shop online, Knet has given Kuwait a definite eCommerce advantage over other countries in the region."  

X-cite by Alghanim Electronics'  eCommerce website (www.xcite.com) offers customers a secure shopping environment, wide range of electronics categories, and a whole host of engaging and captivating features. xcite.com also provides  free delivery and installation.

Gulf Bank's credit cards offer customers more flexibility and convenience when shopping, as well as regular offers and great discounts at many stores across Kuwait. To find out more about Gulf Bank's promotions, customers can either visit the Bank's bilingual website at www.e-gulfbank.com, or call the Customer Contact Center on 1805805, or visit one of Gulf Bank's 56 branches for assistance and guidance.

© Press Release 2012