National Bank of Kuwait (NBK) has partnered with American online payment service provider PayPal to safeguard its credit card holders from fraud while shopping online.
The deal will enable NBK credit card holders to create a PayPal account through NBK online banking portal and start making online payments through PayPal accounts instead of credit cards, reports Kuwait Times.
Go deeper with GlobalData
The deal is aimed at providing an additional layer of protection and ensure the privacy of credit card users’ credentials and information.
NBK deputy general manager for consumer banking group Ahmed Al-Khader told the publication, "This service offers additional protection layer for online shoppers by eliminating the risk of credit card frauds."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
