Capital Bank launches Visa Business credit and debit cards for businesses and SMEs in Jordan

Amman, Jordan: Capital Bank, the leading provider of innovative banking products and services for institutions and consumers, announced the launch of Visa enterprise solutions for businesses and SMEs.

With Capital Bank’s Visa business solutions, which include Visa Platinum and Visa Signature credit cards, as well as Visa debit cards, businesses may be able to finance their working capital deficits, facilitate their processes payment and expense control using specific revolving limits for operating expenses that include bill payments, purchases and miscellaneous expenses related to their business, as well as the ability to make purchases and payments online anytime and with flexible repayment options.

Yasser Kleib, Head of Institutional Banking at Capital Bank, commented on the launch of these cards, saying: “Capital Bank seeks to excel and exceed the expectations of its clients, whether individuals or businesses. Today, we continue to work on and build on our past success by helping and empowering Jordanian businesses of all sizes and industries to achieve their goals without exaggeration or complexity. To this end, we have worked with Visa to enable these businesses to benefit from a variety of banking solutions by launching a suite of Visa cards that offer exclusive benefits and meet their needs and aspirations.

Rajaei Ajjour, Visa Country Director for Jordan, said: “We are delighted to be working with Capital Bank to deliver Visa solutions to corporate clients of the bank. After a difficult year for many businesses, especially SMBs, our Visa Corporate solutions are an attractive proposition for businesses looking to reduce costs and streamline expense reporting in a simple and secure way. We continue to work closely with our partners like Capital Bank to help Jordanian businesses access and fully benefit from the digital economy.

The new product allows companies to manage their cash flow and payments through the issuance of subsidiary cards with specific limits for various uses and different departments.

Visa cardholders will also benefit from access to VIP lounges at international airports, travel insurance, and various discounts depending on card level.

With their Visa Capital Bank debit cards, businesses will be able to instantly deposit funds into their Capital Bank accounts, directly through the bank’s ATMs.

Capital Bank continues to provide its Institutional Banking clients with enhanced, one-on-one experiences through a full range of comprehensive banking services and products, supporting them with innovative and exceptional solutions that enable them to achieve their financial goals and targets. and operational.

Capital Bank launched its professional credit and debit cards for businesses and SMEs in cooperation with Visa to provide easy payment solutions and make the bank’s business customers easier and faster to do their banking. .

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About the Capital Bank Group

Capital Bank Group is regarded as one of the leading financial institutions operating in the Jordanian and regional markets, with assets of JOD 3.4 billion, while the total capital of its shareholders is around JOD 400 million.

The Capital Bank group includes; Capital Bank, which since its inception in 1995, has grown into one of Jordan’s leading financial institutions, providing the Jordanian market with a comprehensive set of commercial and investment banking services and solutions tailored to the needs of individual and corporate clients.

In 2005, Capital Bank (Jordan) purchased majority shares of the National Bank of Iraq (61.85%), which enabled NBI to develop its products and services, strengthen its presence and improve the financial inclusion at the country level, to support export activities and to provide all services to Jordanian companies operating in Iraq. As for Capital Investments, it is a 100% subsidiary of Capital Bank created in 2006, and offers specialized investment banking services to its clients through its offices in Jordan and the United Arab Emirates / International Financial Center of Dubai (DIFC).

Before the end of 2020, in order to realize its expansion plans, Capital Bank Group acquired all of the activities of the Lebanese bank Audi in Jordan and Iraq.

© Press release 2021


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