Search
Clear
Search
Warba Bank announced the launch of the (WAMD) service for instant transfers via mobile phone (sending and receiving money via mobile phone) to other customers in Warba or any other local bank, which enhances the ease of transferring money in a smooth and fast manner. The (WAMD) service is a new service in which both the sender and the beneficiary are registered in (WAMD) using their phone numbers linked to their bank accounts. It is a service available to all "Warba" clients who have full access to the Warba Bank mobile application, and transfers can only be made through the application, noting that payment requests are valid for 24 hours only.
Nasser Maher Al-Mutawa, Chief Digital Officer at Warba Bank, said that the new service launched through the Warba Bank application is part of the Bank’s commitment to provide advanced digital financial solutions and services and high-quality payment systems, adding that it is in line with Warba Bank’s ongoing efforts to develop its technological infrastructure, ensuring the smooth provision of technical services across all platforms. It also enhances Warba Bank’s efforts and role in leading the digital transformation of the banking sector.
Al-Mutawa pointed out that the instant payment system (WAMD) provides added value and quality to the capabilities of the national payment infrastructure, and contributes to providing safe and advanced payment options that meet the needs of various customer segments, in addition to its importance in advancing the digital transformation process in Kuwait by increasing the volume of electronic financial transactions.
He stated that Warba Bank seeks, through providing the (WAMD) service via mobile phone, to achieve a high level of performance that satisfies customers, and aims to provide a reliable and secure service that preserves customer data and funds.
Al-Mutawa added that one of the most prominent services provided by Warba is the ability to choose any of the active Kuwaiti Dinar accounts for transfer, and not only the account linked to the service. There are also detailed transaction records with the ability to sort transactions by type, in addition to the ability to temporarily stop the money receiving service without the need to cancel the service subscription.
Al-Mutawa noted that the customer must register and link one bank account to the service, which enables him to receive funds, adding that the Bank works around the clock to keep pace with the changing needs of its clients and raise their aspirations to the highest levels, as well as meeting their preferences as part of its constant keenness to provide the best and most advanced products and services.
Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leadership 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.
