Burgan Bank launches new multi-currency X-Change Card

Press release

Published October 9th, 2012 - 09:31 GMT

Al Bawaba

Burgan Bank announced today the launch of its new multi-currency X-change card from MasterCard , which has been tailor-made specifically for frequent travelers, students studying abroad, online shoppers, and expatriates sending money back to their home countries. The multi-currency X-change card is accepted across 23 million locations around the world.

Customers are given a selection of the top currencies when using the card, and these include US dollars, Euro, British Pound, Saudi Riyal, UAE Dirhams, Egyptian Pound as well as the Filipino Peso. The card, which provides its users with easy access to online shopping, ticket booking and hotel reservations, retains the value of the exchange rate at which it was bought to enable customers to capitalize on their preferred currency rates.

The bank continuously works to update its services with an objective to accommodate the lifestyle requirements of its customers. These features have been developed to cater to a wide audience ranging from frequent travelers, online shoppers, university students, teachers, college professors, individuals seeking medical treatment abroad, and Hajj travelers. Customers do not need to visit their local branch to apply for the card; they can apply online by following 3 easy steps that are illustrated in the banks website.

Background Information

Burgan Bank

Established in 1977, Burgan Bank is the youngest conventional Bank and second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail, and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region supported by one of the largest regional branch networks. which include Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq & Lebanon),Tunis International Bank – TIB (Tunisia), and fully owned Burgan Bank – Turkey, (collectively known as the “Burgan Bank Group”). Furthermore, Burgan Bank has a present in the UAE through its corporate office (“Burgan Financial Services Limited) which had helped the bank to participate in multiple financing opportunities in the UAE.