Boubyan Bank has recently announced the launch of its new payment service for its Visa debit, credit and pre-paid cardholders, using Fitbit and Garmin smart watches. This comes as a part of the bank’s keenness on providing the best digital services to its customers.
In this context, Mr. Yousef Al Majed, Executive Manager – Cards Products stated: "This new service will enable our customers to make their payments via NFC-enabled P.O.S. machines using Fitbit Pay and Garmin Pay inside and outside Kuwait".
"This service is part of the UTap service being used by Boubyan Bank’s customers in their contactless payment transactions, which was provided by Boubyan for the first time in Kuwait back then.", Al Majed added.
Al Majed went on to stress that: “The creative perspective of our services and products builds on a realistic understanding of customers’ needs, and cares for their ambitions while coping with the accelerating technological developments the world is currently witnessing, especially in light of the repercussions of Covid-19 crisis that have greatly changed our daily lives.”
"In this crisis, using innovative NFC-enabled digital payment methods has become a pressing need in a bid to avoid the direct use of cash in line with the instructions of Kuwait health authorities and the Central Bank of Kuwait.", Al Majed explained.
** Simplicity & Ease of Use
Moreover, Al Majed pointed out that “The most prominent aspects about Boubyan Bank’s services and products are their simplicity and smoothness. By using Fitbit Pay and Garmin Pay, all customers’ purchases are fully protected against fraud. They can also shop without the need to save their cards’ numbers on the smart watches used by customers in the process, which will provide extra protection for the data of banking cards.”
He went on to add: “This service can be activated by the bank's BIN for VISA debit and credit cards (including prepaid cards), and users may now add their cards to either payment service to make payments using their smart devices.”
It is worth mentioning that Boubyan Bank received a number of regional and international awards over the past years, the most prominent of which was the World's Best Islamic Digital Bank by Global Finance in addition to being named the Best Islamic Digital Bank in the Middle East, the Best Islamic Digital Bank in Kuwait, the Best Mobile Banking App, the Best Innovative Digital Bank and the Best Innovation in IMAL Technology by Global Finance as well.
Al Majed concluded by stressing that: “Boubyan Bank will be launching more unique services and products in the near future to cope with the post-COVID-19 developments.”
© Press Release 2020