Kuwait International Bank (KIB) has joined the Visa Ready for Fintech Enablement program as part of its strategy to provide fintech companies and traditional issuers full enablement stacks for digital issuance to shorten their time to market.
With the help of Visa, the Islamic bank will offer card issuance solutions to fintech companies and non-banking entities in Kuwait as part of its Banking-as-a-Service strategy which involves offering a comprehensive Card-as-a-Service program to B2B partners. KIB will provide program management services as well as payment infrastructure services.
The Visa Ready Fintech Enablement Program provides partners like KIB with access to Visa’s partner network through funnel awareness, go-to-market support to uncover new markets, and newly launched Visa products and solutions.
“We believe this collaboration will help our fintech clients deliver improved customer experiences in Kuwait faster and easier than ever,” said Ankush Devadason, Visa’s head of financial institutions for Kuwait. “Visa is therefore delighted to grant KIB Visa Ready BIN Sponsorship certification, and we are looking forward to collaborating with them in building out the capabilities fintechs need to drive the expansion of a digitally connected payments ecosystem in Kuwait.”
KIB is the first bank in Kuwait to join this program.