National Bank of Kuwait has unveiled a revolutionary “Corporate Card” designed specially for companies. NBK has partnered with MasterCard International to develop this unique product. The NBK Corporate Card is targeted at companies, and offers a comprehensive expense management system that eliminates invoice by invoice payment processing. The NBK Corporate Card can be used by companies and their excutives for their purchasing, travel and entertainment, and all other business expenses.
The NBK Corporate Card allows companies to save money through better monitoring and control over expenses. As a solution that seeks to completely automate management of business expenses, the NBK Corporate Card makes for effective management of resources. The NBK Corporate Card is as simple to use as a Credit Card but comes with powerful MIS and reconciliation tools that enable companies to plan and execute spend strategies better. By giving companies up to 52 days credit period, the NBK Corporate Card allows efficient management of working capital.
The NBK Corporate Card offers several unique benefits. This is the only truly Corporate Card in Kuwait that offers customers an opportunity to consolidate all their business expenses and settle them all with just one single cheque each month and therefore save administrative time and effort. This card can also enable organizations to negotiate better with suppliers and partners to ensure that they leverage economies of scale and get better discounts and offers from their vendors.
For those employees who travel overseas on business, the NBK Corporate Card also offers a whole host of travel related benefits and also offer discounts on hotel and car rental bookings all over the world.
“As part of NBK’s constant endeavor to deliver maximum value to its corporate partners, the New NBK Corporate Card is one more step in the right direction”, said Mr. Isam Al-Sager Deputy Chief Executive Officer of NBK. He also went on to add that this card truly benefit organizations by helping them have all the necessary information of their business expenses on their computers. NBK will take on the task of managing and providing all relevant information and thereby helping our corporate partners focus on their core competence.
The NBK Corporate Card also offers a travel insurance package worth KD 30 free every time this card is used to book air tickets. The NBK Corporate Card also offers 24 Hour Customer Service through Hala Watani, online access to credit card statements through Watani Online, and advanced Fraud Protection features.
