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VISA awarded Warba Bank as the first bank to launch a prepaid card specially for electronic sports in Kuwait, which was designed exclusively to serve a new segment of clients who share one hobby and interest. In addition, in line with Warba Bank’s strategy for sustainable development and its belief in social responsibility, these cards were made according to international environmental standards and from environmentally friendly materials that are 85.5% recyclable.
Vice President of the Retail Banking Group at Warba Bank, Musaed Mazyad Al-Mazyad, said that the Bank has designed a prepaid card to support e-sports enthusiasts, which offers many exclusive benefits and discounts in line with the needs and requirements of this segment. Noting that the launch of the card came after the increase in global and local interest in e-sports, and the Bank’s desire to expand the provision of many banking services and offers to e-sports enthusiasts, and he thanked VISA for this awarding, which enhances serving the e-sports in Kuwait.
Mr. Shehab Hashemi, Director of Business Development Department at VISA Kuwait and Qatar, said: “The field of e-sports in Kuwait and the GCC region is one of the fastest growing fields and has the opportunity for further growth and development. We realize that e-sports enthusiasts are in constant need of safe and efficient payment solutions, and our prepaid card perfectly meets these needs. Therefore, today’s recognition aims to continue supporting e-sports, empowering players, enhancing their online experience, and further stimulating the digital payment system in Kuwait and the wider region. ".
Al-Mazyad explained that the new card is a safe way to easily pay various costs, such as entry fees for tournaments or subscriptions to online gaming platforms, indicating that discounts and special offers will be continuously added to holders of that card.
He stated that the card system is supported by the 3D Secure feature to ensure the highest levels of security against the risks of fraud for online payments, stressing that prepaid cards are the ideal and most secure solution over the Internet, as the amount to be paid is pre-loaded onto the card so the person can control the available funds.
He continued saying that the effectiveness of the new card is not only limited to security and ease for the client to made financial transactions in the world of e-sports, it can also be used to pay across international borders, which makes it more useful for traveling and shopping online from international stores.
He reviewed the most important and prominent features of the new card, stressing that the card carries many offers and benefits, including discounts from telecommunications companies, offers from e-sports halls, and offers from e-stores, as well as priority in participating in e-sports tournaments and events. On the other hand, Al-Mazyad reviewed more of the most prominent advantages of the Warba Bank application for these cards, where the client can easily recharge the card balance with the ability to perform the Restore Cash process for immediate transfer from the card balance to the client’s bank account, in addition to easy registering it with digital wallets such as Apple Pay, and the ability to change the card's PIN easily and instantly.
Al-Mazyad concluded his statement by emphasizing the Bank’s direction in building and strengthening a community for e-sports enthusiasts, and developing these young talents to raise their standards, support and develop this sector, and enhance its sporting level.
Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leading position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the bank close to all members of society, in addition Warba Bank is considered among the 50 largest banks in the Middle East in terms of market value for the year 2023 - Forbes Middle East classification.
