Kuwait International Bank (KIB) has rolled out a new cobranded prepaid Visa card for Om Al Qura Foundation.
The launch is part of the bank’s efforts to establish stronger partnerships with educational bodies in Kuwait.
Designed for both students and faculty members, the new card will also be available to all nine private schools belonging to Om Al Qura network, including the Ajial Bilingual School.
Cardholders can use these Visa cards for tuition expenses, school supplies and any other purchase that accepts Visa payments.
KIB unit head credit card, retail banking department Deema Almulifi said: "The Om Al Qura Visa cards are the first tailor-made cards for educational institutions in Kuwait and underscore KIB’s commitment, laying a solid foundation for financial understanding amongst youth."
Almulifi added that the cobranded Visa cards will support students by offering a sense of financial freedom and responsibility that will help them in their future growth.
Additionally, KIB is also providing interest-free financing facilities to students and parents looking to finance their education.