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Visa International hosts Iftar gathering for banking sector partners in Kuwait
- Kuwait: Wednesday, October 18 - 2006 at 13:16
- PRESS RELEASE
In celebration of the Holy month of Ramadan, Visa International, the world's leading payment solutions provider, recently hosted an iftar banquet for its member banks and regulators in Kuwait at Sheraton Hotel and Towers.
Welcoming Visa international's banking partners in the country, Majeed Hujair, General Manager for Kuwait at Visa International Middle East acknowledged their support in the development of the payment cards industry.
Hujair said: "It gives us great pleasure to have the opportunity to meet with our partners in the banking industry on this very special occasion. At each gathering we host for our member banks, we are reminded that Visa International is poised to continue to be the electronics payment leader in Kuwait. We owe our success to your consistent support."
Adding that Visa International is committed to helping its member banks grow through innovative cashless payment solutions and remaining the preferred payment partner, Hujair said: "We will continue to work closely with you, as our members in Kuwait to be able to address your needs, support your growth and participate more actively and positively in the growth of the country's economy. Our vision is to transform Kuwait into an inceasingly cashless society which we plan to achieve through our partnership with Issuing banks, which build buyer interest in the system, in addition to our Acquiring banks, which extend the Visa acceptance network across Kuwait."
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Notes and media contacts
About Visa InternationalVisa International is a partnership of 21,000 member banks. These banks have issued over a billion Visa cards worldwide on which US$4 trillion per year is spent across over 150 countries.
Visa's role is to provide payment solutions for its member banks, enabling them to issue cards and process merchants' Visa card transactions. The Visa products issued by the banks are safer, more convenient and more efficient than cash. Furthermore, they help to bring people into the banking system and to increase the funds available for commercial loans, the lifeblood of a growing economy.
For more information contact:
Hazar Al-Zaki at Visa International
Tel: +971 (4) 331 9690 Fax: +971 (4) 3322 199
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Posted by Anne-Birte Stensgaard, Senior News Editor
