Al Muzaini Exchange, Kuwait’s leading provider of remittance and currency exchange services, announced the signing of a strategic partnership with Kuwait International Bank (KIB) to launch a new program for Al Muzaini’s multi-currency prepaid cards, supported by a specialized branded digital application, all under the ‘BIN’ program sponsored by KIB.
The announcement was made during an official press conference held at KIB’s headquarters. This collaboration reflects Al Muzaini’s ongoing commitment to expanding its digital capabilities, enhancing customer payment options, and keeping pace with the accelerating evolution of financial technology in Kuwait and the region.
Through this partnership, Al Muzaini customers will soon be able to access fully branded multi-currency prepaid cards designed to provide unmatched convenience, flexibility, and security for payments locally and internationally. The program also includes a dedicated KIB-powered Al Muzaini application, enabling customers to activate, manage, and monitor their cards seamlessly through a modern and intuitive digital platform.
Commenting on the partnership, Hugh Fernandes, General Manager of Al Muzaini Exchange, said: “This collaboration with KIB marks a significant milestone in our journey toward delivering more innovative and digitally advanced financial services to our customers. Together with the KIB team, we have developed an integrated product that responds to the diverse needs of our customers by offering secure, flexible, and easy-to-use payment solutions — whether in Kuwait or abroad. This initiative reflects our forward-looking vision and our commitment to accelerating digital transformation within the exchange sector.”
He added: “We see this program as a transformative step that will elevate the customer payment experience and strengthen Al Muzaini’s position as a market leader in offering modern, technology-driven financial solutions. This is only the beginning, and we look forward to introducing more groundbreaking products that support our customers and contribute to the growth of Kuwait’s digital financial landscape.”
From KIB’s side, Mohamed El-Shareef, General Manager of the Digital Innovation and Data Intelligence Department, stated that the partnership stems from a shared vision to deliver cutting-edge digital financial solutions that meet customer needs and advance Kuwait’s position as a progressive financial hub.
Additionally, Fahad Al-Bader, General Manager of the Operations Department at KIB, highlighted the Bank’s operational readiness and coordinated efforts to ensure that customers enjoy a seamless and efficient experience from the very first day of the launch. He noted that this collaboration demonstrates KIB’s ability to execute complex projects swiftly and translate them into tangible value for the market.
This agreement represents a new chapter in Al Muzaini Exchange’s strategy to enhance its digital ecosystem and expand its range of customer-centric financial services. It also reinforces the company’s long-standing reputation as one of Kuwait’s most trusted and innovative exchange and remittance providers.
