Kuwait, 16 February 2022: Gulf Bank was awarded with “Most Rewarding Prepaid Card” by Mastercard for its Mastercard MOUJ Cashback Prepaid Card. In partnership with Mastercard, in June 2021, Gulf Bank had launched the new MOUJ Cashback Prepaid Card, the first-of-its-kind in the Middle East to offer cashback to its cardholders. The card is available for all Gulf Bank customers and can be requested digitally through Gulf Bank’s Online or Mobile Banking services and in-person at any of the bank’s branches.

With the MOUJ Cashback Prepaid Card, cardholders can earn up to 5% cashback on all their purchases locally and internationally throughout the year. Moreover, customers can also benefit from discounts at their favorite stores and restaurants, with more than 850 outlets across Kuwait to choose from. For a quicker and more convenient shopping experience, Gulf Bank’s MOUJ Cashback Prepaid Card is also equipped with NFC technology, allowing cardholders to enjoy contactless transactions, without the hassle of inserting or swiping their cards at check-out.

On this occasion, Mohammad Al-Qattan, General Manager of Consumer Banking at Gulf Bank, said: “Customer experience is always among our top priorities at Gulf Bank, and we are always keen to provide only the best and most innovative products to our customers. We are excited to receive this award from Mastercard as it reflects the innovation and excellence that Gulf Bank that has always been striving towards. Our collaboration with Mastercard to present Gulf Bank’s MOUJ Cashback Prepaid Card, the first prepaid bank card in the Middle East to offer a cashback feature has created a benchmark for all future Prepaid Cards in Kuwait and the region. We promise our customers even more developments that will continue to solidify our pioneering position as the Kuwaiti Bank of the Future.”

All MOUJ Cashback Prepaid cardholders can enjoy cashback of up to KD 600 annually on all purchases across retail, co-ops, supermarkets, electronics, dining, and more, and on all travel spends including flights, hotels, and shopping — both locally and internationally. Cardholders can also avail multiple instant discounts across various restaurants and retail outlets. In addition, the new card is designed to be suitable for the use of all family members, including children, and allows cardholders to load their cards with the amounts of their choosing in order to monitor expenses.

Nadia Ghissassi, Country Manager for Qatar, Kuwait and Oman, Mastercard, said: “We are pleased to award Gulf Bank with “The Most Rewarding Prepaid Card in Middle East and Africa” for its MOUJ Cashback Prepaid Card, the first cashback prepaid card in the Middle East. Our partnership with Gulf Bank has paved the way to provide consumers in Kuwait an opportunity to enjoy exciting offers while ensuring their payments needs are met. This continuous effort over the past year to transform the domestic payments ecosystem in the country and wider region is unmatched in addition to delivering a seamless, secure and more convenient way to pay.”

It is worth noting that Gulf Bank’s MOUJ Cashback Prepaid cardholders can also enjoy discounts of up to 25% at more than 550 renowned restaurants and cafes in Kuwait. Cardholders can also avail instant discounts of up to 30% at more than 300 retail outlets across travel, entertainment, health, beauty, and lifestyle segments. The card is also equipped with fraud protection with Gulf Bank's 3D secure feature for a safer online shopping experience.

Gulf Bank's vision is to be the leading Kuwaiti Bank of the Future. The bank is constantly engaging and empowering its employees as part of an inclusive and diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank gives its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience.

Gulf Bank is committed to maintaining a robust sustainability program at the community, economic, and environmental levels through sustainability initiatives that are strategically selected to benefit both the country and the Bank. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with the different relevant parties to achieve it.