Mubasher: National Bank of Kuwait (NBK) and Mobile Telecommunications (Zain) signed an agreement to provide discounts and benefits to their small- and medium-sized enterprise (SME) customers, the largest SME customer base in Kuwait.

Under the deal, the leading digital service provider in Kuwait will provide SME owners holding NBK cards with discounts and benefits on Zain Business solutions, according to a statement on Sunday.

NBK, Kuwait’s biggest and oldest bank, will also provide its SME customers with discounts and unique prices on bank cards and services upon opening a new Zain Business account.

Zain Kuwait’s chief enterprise business officer, Hamad Al Marzouq, said, “We recently launched the all-new Zain SME App, dedicated for our SME customers. The app offers SME owners a wide range of digital services, including immediate digital onboarding to our ‘Zain Business’ solutions without the need for personal presence or the use of papers.”

With the new app, Zain will be Kuwait’s first telecommunications operator to provide SME owners with this comprehensive digital platform, Al Marzouq noted.

NBK’s general manager of consumer banking group, Mohammed Al Othman, commented, “At NBK, we ensure to support advice and provide personalized banking services to entrepreneurs. We’ve built a close relationship that continues to grow as their ideas evolve and enrich the local business community, ultimately becoming real-life companies capable of competing locally and regionally as well as contributing to the diversification of the economy in line with the New Kuwait Vision 2035.”

The Kuwaiti bank’s role is not limited to offering banking services and products, but also extends to providing SMEs with an operational model via digital and smart banking solutions, he added.