As part of its strategy for innovation and support for local small and medium-sized enterprises
Kuwait, 23 September 2023: In line with its continued efforts to remain at the forefront of the digital transformation of Kuwait’s banking sector, Burgan Bank announced the launch of Tijarati Pay, a new and unique enhancement to its Tijarati platform, designed and built to facilitate seamless payment transaction execution and management for small and medium-sized enterprises (SMEs).
Burgan Bank’s one-of-a-kind offering to local SMEs through the enhanced Tijarati solution integrates multiple aspects of payment collection and monitoring, thereby transforming how merchants manage their finances. This solution – the first of its kind in the region – allows merchants to effortlessly perform numerous payment operations, offering unmatched ease and speed in a platform that is visually appealing alongside an intuitive dashboard where merchants can get a comprehensive overview of their business and its financial operations in one, quick glance – anywhere, anytime.
Merchants subscribed to Tijarati can now explore a whole new range of benefits and advanced services that come with Tijarati Pay, such as the ability to create and share invoices with customers, accept and collect payments, as well as create payment links for individuals or grouped customers. Tijarati Pay also allows merchants to monitor their business in real-time and track the status of payment requests and transactions made to their accounts. To top it off, Tijarati Pay guarantees competitive rates on all transactions, in addition to rewarding merchants with points on all such transactions, which can be redeemed for multiple redemption options such as cashback, gift vouchers, airline tickets, and much more.
Commenting on the launch of Tijarati Pay, Mr. Naser Al-Qaisi, General Manager of Retail Banking at Burgan Bank, said: “At Burgan, we are driven by a shared passion to excel, placing our customers as our top priority. Our commitment lies in serving them in ways that significantly improve their lives. The introduction of our new innovative feature is a clear reflection of Burgan's dedicated efforts and consistent practice of seizing opportunities to adopt the latest global banking technologies. Our focus is to customize these advancements to perfectly align with the preferences and aspirations of local SMEs in Kuwait.”
Al-Qaisi further noted that with information being the primary driver of success, it was pivotal that Tijarati Pay offers customer analytical and monitoring tools that translate timely data into valuable insights, allowing merchants to make well-informed decisions toward more lucrative business endeavors.
As a leader in digital transformation in Kuwait’s banking and financial sector, Burgan Bank continues to innovate groundbreaking solutions that irreversibly change how banks serve their customers and community, promising immediate benefits to the customers as well as long-term gains for the national economy.