Latest news with #Weyay
Kuwait Times
6 days ago
- Business
- Kuwait Times
Weyay Bank reactivates digital Eidiya on app using Wamd and Eidiya Link
KUWAIT: In keeping with its tradition of bringing a modern, digital touch to customers' various needs, Weyay Bank, Kuwait's first digital bank, provides its digital Eidiya service for its customers, just in time for Eid Al-Adha. This service allows users to effortlessly send and receive Eidiyas via the Weyay Bank's app, leveraging the convenience of 'Wamd' by KNET and 'Eidiya Link'. This initiative underscores Weyay Bank's commitment to simplifying daily financial transactions for its customers and delivering a seamless, innovative digital banking experience that meets their diverse needs. Using the Weyay app, the days of cash Eidiya are over; Eidiya can now be sent from anywhere, at any time, making celebrations even more convenient and joyful. A Seamless Digital Gifting Experience via 'Wamd' and 'Eidiya Link'. Weyay Bank stands out by enhancing its digital Eidiya service through two flexible and rapid options: Eidiya via 'Wamd': Weyay customers can send Eidiya instantly using the 'Wamd ' service. This feature provides a unique experience, ensuring speed and security in transferring Eidiya directly between bank accounts, with funds arriving in a matter of seconds. Eidiya via 'Eidiya Link': For the third consecutive year, Weyay Bank continues to offer its 'Eidiya Link' service. This allows senders to request Eidiyas from their loved ones via a secure link generated directly from the Weyay app. Senders can personalize the link with a custom greeting message, and the link recipient can easily decide the Eidiya amount to be given. Empowering next generation digitally Weyay Bank places significant importance on equipping future generations with essential digital financial skills. For this reason, the Eidiya service is also available to 'Jeel' cardholders, catering to children aged 8 to 14 years old. This step aims to foster digital financial literacy from a young age, enabling them to confidently interact with digital payment tools. This contributes to building a financially savvy generation for the future. Moreover, the 'Jeel' card offers exclusive deals and benefits tailored to this age group, covering various categories like restaurants, toy stores, and entertainment venues, which are perfect for enjoying time during the Eid holiday and the upcoming summer break. The digital Eidiya service will be available to all Weyay Bank customers and will continue throughout the days of Eid Al-Adha via the Weyay app, offering families a secure and convenient way to celebrate and share joy.
Kuwait Times
26-05-2025
- Business
- Kuwait Times
Weyay Bank enhances shopping experience with Weyay Aura card
KUWAIT: Weyay Bank's pop-up at The Avenues, running until May 31st, is drawing significant attention. The Bank is showcasing its digital services and cards, which enrich customer experience and meet their needs, especially during shopping. Visitors will have the opportunity to discover the exclusive benefits of the 'Weyay Aura' card, a recently launched digital prepaid card designed to elevate customers' digital experiences and fulfill their purchasing requirements in relation to Alshaya Group's Aura loyalty program. Visitors will also receive giveaways, participate in interactive activities, and access exclusive offers tailored specifically for Weyay Bank customers. The 'Weyay Aura' card is a prepaid digital card that can be obtained in minutes via the Weyay app, allowing users to earn up to 30 Aura points for every 1 Kuwaiti Dinar spent, effectively multiplying their rewards. As a fully digital card, it can be easily added to digital wallets like Apple Pay for quick and secure payments, both online and in-store, anywhere inside or outside Kuwait. Once created in the Weyay app, the 'Weyay Aura' card is seamlessly linked with the Aura app, ensuring points are added directly to the customer's Aura account with every purchase. Nasser Al-Duwaisan, Product Owner at Weyay Bank, stated: 'Our presence in a vital location like The Avenues allows us to directly connect with all age groups and introduce them to our digital banking solutions tailored specifically to their needs. The 'Weyay Aura' card is a testament to our commitment to innovation and delivering valuable experiences that meet and exceed our customers' expectations. We are excited to show visitors how this card enhances their diverse purchasing experiences both inside and outside Kuwait.'
Kuwait Times
22-05-2025
- Business
- Kuwait Times
Weyay Bank recognized ‘Kuwait's Best Digital Bank' at Euromoney Awards
KUWAIT: Weyay Bank has been awarded the 'Best Digital Bank in Kuwait' at the Euromoney, leading global business magazine, Middle East Awards for Excellence 2025. This prestigious recognition was presented on Wednesday during a ceremony in Dubai. It solidifies Weyay Bank's pioneering status and its unwavering commitment to delivering an innovative digital banking experience that consistently meets the evolving needs of its customers. Since its inception, Weyay Bank has left an undeniable mark on Kuwait's banking sector by introducing a comprehensive suite of integrated digital services and features, many of which are truly first-of-their-kind. Weyay Bank has empowered its customers to manage their finances with unparalleled efficiency and flexibility, enabling them to complete all their banking transactions seamlessly. From opening accounts and managing savings to making local and international transfers and applying for loans, every step is secure and swift, all within the Weyay app, eliminating the need for traditional branch visits. Kuwait's first fully digital loans Weyay Bank simplifies and streamlines financial access in Kuwait with the introduction of its fully digital loan application process. Weyay customers can now apply for both personal and housing loans and complete every stage digitally – from submitting documents and uploading them to receiving final approval and digitally signing contracts. This innovative digital process saves customers significant time and effort, making their borrowing experience remarkably smooth and convenient. 'Jeel': The first banking card and app for ages 8-14 Recognizing the vital importance of fostering a financially savvy generation, Weyay Bank has launched 'Jeel', an unprecedented banking experience in Kuwait. This innovative initiative allows children aged 8 to 14 to use a personalized bank card and manage their finances through a specially designed interface within the Weyay app. The product aims to teach children essential financial management skills under parental guidance, empowering them to understand the value of money and make responsible financial decisions from an early age. The Weyay app also includes interactive features that enable parents to monitor and control their children's spending via real-time notifications and manage where the Jeel card can be used for payments. Innovative digital tools for simplified banking and financial stability Weyay Bank is committed to empowering the community, especially its youth, by equipping them with the necessary tools and knowledge for efficient financial management. The Weyay app offers advanced, user-friendly features for budgeting and tracking. This provides users with clear insights into their spending habits, helps them identify unnecessary spending, and enables smarter financial decisions to achieve stability and reach future goals. Digital saving pots to cultivate a culture of saving Weyay Bank actively encourages its customers to embrace saving as a fundamental habit for achieving their diverse financial aspirations. The Bank offers a savings pot feature within the Weyay app, allowing users to allocate specific amounts for various savings goals, such as purchasing a car, funding education, or planning a trip. The Bank also provides Saving Pot Pro, which enables customers to earn monthly interest, helping their savings grow over time. First banking app featuring a comprehensive digital store Weyay Bank provides an all-encompassing digital experience that caters to all customer needs in one convenient place. The app features a diverse digital store where users can easily and securely purchase digital cards, in addition to the mobile bill payment service. Furthermore, it offers exclusive customer experience in collaboration with stc Telecom Company directly within the Weyay app, allowing users to manage their services, pay bills, and purchase packages at competitive rates without ever leaving the Weyay app. Commitment to standards of excellence, security and trust This esteemed recognition from Euromoney adds to Weyay Bank's growing list of recent awards and achievements. It reflects the Bank's commitment to the highest standards of quality, innovation, and security, underscoring Weyay Bank's diligent efforts to protect customer data and funds, thereby providing a secure and reputable digital banking environment. Weyay Bank continues its relentless pursuit of delivering more innovative digital services and features that enrich the banking experience for its customers in Kuwait, reinforcing its position at the forefront of digital transformation within the Kuwaiti banking sector.
Zawya
14-05-2025
- Business
- Zawya
Mohammed Al-Othman participates in Dubai FinTech Summit 2025
We have redefined banking in Kuwait through a portfolio of innovative services Our digital strategy is designed to boost operational efficiency while consistently exceeding customer expectations We maintain a forward-thinking approach in embracing emerging fintech trends to stay ahead of evolving customer needs AI and data analytics are shaping the next frontier of banking innovation We don't see rapid technological change as a challenge—but as an opportunity to sharpen our competitive edge Weyay is a testament to our strategic vision, standing out for its stellar performance and ability to attract a new generation of customers We view fintech firms not as rivals, but as partners in driving innovation across the financial ecosystem We are committed to delivering cutting-edge digital experiences that resonate across all age groups and customer segments The Central Bank of Kuwait has fostered an innovation-friendly environment that accelerated the momentum of digital transformation Delivering on our vision requires a keen understanding of market dynamics and strategic investment in future-ready technologies We remain steadfast in our mission to redefine the future of banking and set new industry benchmarks Mr. Mohammed Al-Othman, CEO, Consumer and Digital Banking at National Bank of Kuwait (NBK), took part in Dubai FinTech Summit 2025, held under the theme 'FinTech for All.' The event brought together global leaders from the financial sector, alongside investors and innovators, to examine emerging trends, pressing challenges, and transformative opportunities shaping the future of financial technology. The third edition of the Dubai FinTech Summit 2025, the region's premier event for the fintech sector, was held over two days from May 12 to 13. Organized by Dubai International Financial Centre (DIFC), the summit explored key topics including digital banking, the growing role of artificial intelligence in finance, open banking, sustainable finance, and regulatory frameworks. The summit drew the participation of leading financial institutions, fintech start-ups, investors, regulators, decision-makers, and technology providers—gathered to explore breakthrough innovations, forge strategic partnerships, and shape the future of fintech and the broader financial landscape. Al-Othman took part in a panel discussion focused on the transformation of the banking sector and the next wave of innovation, where he highlighted NBK's leadership in driving digital transformation. He emphasized the bank's role in launching a wide range of innovative services that have redefined the future of banking in Kuwait and across the region. Al-Othman highlighted NBK's pioneering role in adopting the latest technologies to deliver exceptional digital services tailored to customer aspirations—often surpassing expectations. He noted that NBK's name has become synonymous with innovation and leadership in the realm of digital banking products and services. Sharing his vision for the future and the role of AI in banking, Al-Othman emphasized: 'We adopt a proactive approach that ensures continuous innovation and responsiveness to the rapid changes in the digital landscape. As part of our forward-looking strategy, we are committed to enhancing the banking experience for our customers by leveraging the latest technologies, with a strong focus on data analytics and AI-driven solutions to deliver greater value.' Al-Othman emphasized that NBK remains firmly committed to redefining the banking experience, leveraging its advanced technological infrastructure and cutting-edge digital innovations to deliver increasingly sophisticated, customer-focused solutions. This sustained commitment not only elevates customers' journey and keeps pace with rising expectations but also cements the bank's leadership in digital banking and sets new benchmarks for the future of the financial industry. Furthermore, Al-Othman highlighted NBK's strategic approach to navigating the rapid evolution of the fintech landscape, emphasizing that the bank views these developments not as obstacles, but as valuable opportunities to strengthen its competitive edge and deliver greater value to its customers. He explained that NBK's strategic approach is rooted in a deep understanding of evolving market needs and a deliberate investment in emerging technologies that support the bank's long-term objectives. This approach is anchored in upholding the highest standards of security and reliability, while consistently striving to maintain superior levels of customer satisfaction across all services and products. Commenting on the dynamic between banks and fintech startups in Kuwait, Al-Othman stated: 'The relationship between banks and fintech companies is more complementary than competitive Moreover, Al-Othman emphasized the remarkable success of Weyay, Kuwait's first fully digital bank, stating: 'Since its launch in 2021, Weyay Bank has set new benchmarks in the banking industry, securing a leadership position in the digital banking sector. This achievement is attributed to the innovative products and services it offers, along with a seamless, round-the-clock banking experience that caters to a wide range of age groups, particularly the youth.' He noted that Weyay Bank stands as a prime example of the success of the bank's vision and strategic direction. Since its inception, Weyay has delivered exceptional performance, surpassing the initial plans in both customer acquisition and balance sheet growth. He emphasized that Weyay represents a quantum leap in the banking sector, leveraging cutting-edge technologies to deliver a seamless, user-friendly experience that has played a key role in expanding NBK's customer base. He further underscored that this success is rooted in a corporate culture spanning over seven decades—one that consistently aspires to excellence and accepts nothing but the best. Al-Othman also praised the pivotal role played by the regulatory initiatives led by CBK in enabling banks to adopt and implement digital initiatives more effectively, highlighting their contribution to creating a supportive ecosystem for innovation and transformation. 'Young customers increasingly seek fast and user-friendly digital banking services. That's why we continuously strive to stay ahead of technological trends, developing products that cater to the evolving needs of the rising digital generation. Most recently, we launched the 'Jeel' card — an innovative solution tailored specifically for youth aged 8 to 14. The card combines simplicity with smart digital features, empowering young users while fostering a sense of financial responsibility and literacy through a personalized banking experience and the usage of their banking mobile application,' he added. Al-Othman concluded his remarks with an eye on the future, forecasting that the upcoming regulatory developments—particularly in the areas of data analytics, AI, and cybersecurity—will be pivotal in driving the next wave of banking innovation. He emphasized that NBK is well-positioned to play a leading role in this new era, backed by its steadfast commitment to delivering secure, cutting-edge banking solutions that align with customer expectations and contribute to economic growth in Kuwait and across the region. Al-Othman was recently named MENA Retail Banker of the Year for the fourth consecutive year by MEED magazine, as part of the 2025 Banking Excellence Awards.
Arab Times
09-04-2025
- Business
- Arab Times
Weyay Bank Sponsors the Fourth Edition of 'Derasti' Exhibition, Empowering Students Financially Through Digital Solutions
KUWAIT CITY, Apr 8: Under the patronage and presence of the Minister of Education, Sayyid Jalal Al-Tabtabei, and with the attendance of Mohammed Al-Othman, Chief Executive Officer of Personal and Digital Banking at National Bank of Kuwait, and Head of Weyay Bank, Amal Al-Duwaisan, Weyay Bank, Kuwait's leading digital bank, announces its active and distinguished participation in the fourth edition of the "Derasti" Exhibition. The event, which commenced on Monday and continues until April 10th, is taking place at the Mishref International Fairground, Hall 8, with the participation of over 120 local and international universities, as well as various entities from the public and private sectors. The exhibition is considered the most prominent educational event in Kuwait, with its activities holding paramount importance for high school students. It serves as a central meeting point that allows them to explore a wide range of educational opportunities available after completing their secondary education. During his opening address, the Minister Sayyid Jalal Al-Tabtabai emphasized the significance of community partnership and continuous collaboration between the public and private sectors through this exhibition, which contributes to enhancing students' awareness and assisting them in choosing specializations that align with their future aspirations, in line with the "New Kuwait 2035" vision. The exhibition provides students with a unique platform for direct interaction with representatives from local and international higher education institutions. This allows them to learn about diverse academic programs, admission requirements, available scholarships, and all matters related to their academic and professional future. Weyay Bank's participation in this important event stems from its firm belief in the vital role it plays in supporting and empowering Kuwaiti youth in their educational journey towards building a bright future. Weyay Bank's active participation in the "Derasti" Exhibition underscores its deep commitment to supporting the education sector and empowering students in the State of Kuwait. Weyay Bank believes that investing in the education of youth is an investment in the nation's future. It strives to be an active partner in providing them with the necessary tools, knowledge, and opportunities to realize their full potential and contribute effectively to building a more prosperous and advanced future for Kuwaiti society. The bank views young people as the leaders of tomorrow and agents of change, and it takes pride in its role in supporting their educational journey and enabling them to achieve their dreams and aspirations. Regarding banking products and services, Weyay Bank is highlighting the digital banking experience it offers, which helps students seamlessly open their bank accounts within minutes without the need to visit a bank branch. In addition to the ease of account opening, Weyay Bank places great importance on simplifying the money transfer process, as the application allows students to make instant and secure financial transfers to any other account inside or outside Kuwait in just a few steps. Most importantly, student allowances can be transferred digitally to their Weyay accounts, and they can obtain the digital prepaid SELECT card, which specifically targets allowance customers and features a range of exclusive benefits tailored to the lifestyle and daily needs of university students. These benefits include cashback offers on their purchases and special discounts at a wide network of stores, restaurants, cafes, and services favored by young people. Through its interactive booth at the exhibition, Weyay Bank is keen to provide a rich and beneficial experience for visiting students. The booth features a number of activities that cater to their passion for their fields of study and encourage them to keep pace with digital transformation and pursue specializations that are currently in demand in the market. Weyay Bank aims through these activities to create an interactive environment that combines benefit and entertainment, transforming the process of exploring the future of education into an enjoyable and unforgettable experience.
