Alinma honored for Visa debit card feats

Saudi-based Alinma Bank, a partner of Visa since the bank’s launch in the Kingdom in 2009, has been recognized for having the best performing Visa debit card portfolio in the Kingdom.
Alinma was the first bank in the Kingdom to provide its partners (customers) with visa smart chip-enabled debit cards that are instantly issued at all branches immediately upon opening an account. This allows partners to benefit from the full range of Visa debit card products that are EMV standard compliant, which means that the smart cards contain a metal chip with integrated circuits, memory and security features, that ensure the safety of withdrawals from ATMs, purchases at points-of-sale (POS), and purchases online, both inside and outside the Kingdom.
Thanks to this added value and Alinma’s delivery of exemplary customer service, the bank’s debit cards have showed outstanding performance, posting the highest percentage of purchase volume on debit cards in the Kingdom, at more than 35 percent.
Holders of Alinma debit cards have also received benefits made available exclusively by Alinma, for the first time in the Kingdom.
These include instant discounts from retailers and other and other special offers related to hotel stays, car rentals, and online purchases.
Abdulmohsen Al-Fares, CEO of Alinma Bank, said: “Alinma is proud of its ability to deliver services through such an esteemed partner as Visa. Through our partnership, we have pioneered electronic payment services in the Kingdom.”
Ihab Ayoub, GM-MENA at Visa, said: “We are pleased with our partnership with Alinma Bank and the success of its burgeoning debit card portfolio.”
Ahmed Gaber, country manager-KSA at Visa, said: “Our partnership with Alinma allows us to offer all debit card users a world-class technology that provides them unmatched benefits.”