In adherence to ESG principles and its overarching digital transformation strategy
 
Kuwait, 4 November 2023:  In an era of rapidly advancing technology and a heightened demand for digital banking solutions, Burgan Bank announced the launch of its new virtual card to accompany the industry’s transformation. An eco-friendly alternative, this innovative product combines the security and utility of traditional bank cards with the convenience and versatility of a digital experience. Burgan’s virtual card echoes the Bank’s commitment to the environmental, social, and governance (ESG) practices around which it continues to adapt and develop its products and services.
“Smart devices today offer a sea of services that have long surpassed the original purpose of communication. Users can now truly plan, track, and manage their lives by utilizing the plethora of apps available for use. Given how essential bank cards are to our customers, introducing a virtual rendition of them that is available on users’ smart devices was only a matter of time. We also timed the launch of the virtual card around the market readiness that ensures the availability of compatible point-of-sale (POS) around the country, so customers can enjoy their virtual card experience without interruption,” said Mr. Naser Al-Qaisi, General Manager - Retail Banking at Burgan Bank.

Similar to traditional banking cards, whether credit, debit, or prepaid, the virtual card holds a 16-digit identification number, as well as a three-digit CVV security code and an expiration date. In addition to the customary functions of Burgan’s banking card, the virtual card offers even more convenience, considering how it is instantly activated and made available for use without the need for card printing and delivery. Moreover, virtual cards guarantee the same seamless experience with less plastic waste, contributing to the sustainable present and future of the country.

“Our goal is to continually empower our customers with the latest financial tools and services that are tailored to their needs. Burgan believes that the virtual bank card represents a significant leap forward in the evolution of banking services, catering to the increasingly digital and mobile-centric lifestyle of our customers. With their growing reliance on their suite of smart devices, the virtual card enables customers to carry out all financial interactions using their phones, watches, or other portable smart devices, the exact same way they would use a physical card,” Mr. Al-Qaisi concluded.
It serves to note that Burgan Bank is dedicated to providing secure and convenient banking solutions in an increasingly digital world, as part of its digital transformation strategy. Centered on ESG principles and the Bank’s commitment to enabling its community in its pursuit of success, Burgan Bank remains adamant about introducing a banking experience that enhances sustainable banking and elevates customers’ quality of life.