Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - CFC Posts Remarkable Growth In E-Payments  Join our daily free Newsletter

MENAFN - Arab Times - 30/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab Times) Commercial Facilities Company 'CFC' recorded an impressive growth in electronic payments during 2013 with an increase of 52% compared to the 165 thousand transactions made during 2012. The total number of payment transactions via the Internet during 2013 reached approximately 250,000 transactions, with more than 20% through the "Android" and "IOS" applications; which were launched mid-2013. Nasser A. Al Mannai, Assistant Managing Director of Marketing, CFC, stressed on the importance of Internet and smart phones as major networking channels, which are widely used by a large segment of customers, he said: "We are delighted to see the interest shown by our customers in using the electronic services offered by our company, particularly the smart phone applications available in both Arabic and English which have been highly popular, even though its launch period has not exceeded six months.

Al Mannai added: "The ease of browsing the company's website in its new look and distinct contents about the company, played a key role in briefing customers with information about the smart phone applications. Inquiries were also directly shared with the call center, in addition to the benefits of other services provided by CFC, including loan application, using the loan calculator, paying premiums through K-Net service and quick payment". Al Mannai further stated: "We have noticed that a large segment of our customers rely on the company's electronic network with all its applications and search engines for the implementation of their transactions when they are not in the country. This interface gives them the opportunity to communicate directly and effectively with CFC, allowing them to take advantage of all the electronic services through the company website"

Al Mannai concluded: "We are committed to continue making progress in the technological field and be up to date with the latest innovative technological solutions providing the best quality of services to maintain a smooth transaction for the benefit of our valued customer." It is worth mentioning that the CFC is known in Kuwait for offering the best and latest personal finance secured products and services, with speed and flexibility in conducting transactions, where loan requests take less than 24 hours. Customers can pay monthly installments; inquire about their account balance and next installment due date through the "CFC" renewed website www.cfc-kw.com or the CFC Smartphone application that can be downloaded from the "App Store" or "Google Play Store"." Also customers can submit applications at CFC's main office in Sharq, or at any of the company's branches located in Hawalli, Al Riggae, Fahaheel and Al Jahra, in addition to 21 company representatives spread between the main new and used car dealerships and visiting the company page on Instagram, Facebook and Twitter as well


Arab Times

  MENA News Headlines
 Oct 28 2016 - Egypt, Poland 2016 trade exchange to reach USD600mnMENAFN
(MENAFN) The volume of trade between Egypt and Poland is predicted to reach USD600mn by the end of this year.Furthermore, trade exchange increased by 3 percent to surpass more than USD350mn amid the ...

 Oct 28 2016 - UAE, Oman ink transport agreementMENAFN
(MENAFN) The UAE and Oman signed an international road transport of passengers and goods deal.Moreover, the deal aims to enhance cooperation in this field for the benefit of the two fraternal peoples ...

 Oct 28 2016 - Viva Kuwait Q3 revenue down by 14pctMENAFN
(MENAFN) Viva Kuwait recorded a 14 percent decline in Q3 net profit, as the impact of lower oil prices on the Kuwaiti economy dragged on revenue generation.Moreover, the Saudi Telecom Co. subsidiary ...

 Oct 28 2016 - Qatar- Labour Minister elected Chairman of ALO boardGulf Times
(MENAFN - Gulf Times) The 85th session of the Arab Labour Organisation (ALO), which began its meetings in Doha yesterday, has elected HE the Minister of Administrative Development, Labour and Social ...

 Oct 28 2016 - Qatar- PM meets ALO officialGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani met a senior Arab Labour Organisation (ALO) official who is currently visiting ...

 Oct 28 2016 - Qatar- Host of activities at 'Family Fun Fridays' todayGulf Times
(MENAFN - Gulf Times) The ‘Family Fun Fridays"; series continues today at The Pearl-Qatar. Organised by United Development Company (UDC), master developer of The Pearl-Qatar, today";s ...

 Oct 28 2016 - Bangladesh envoy hosts Asian ambassadors' dinnerGulf Times
(MENAFN - Gulf Times) Bangladesh";s ambassador to Qatar, Ashud Ahmed, and his wife recently hosted an Asian Ambassadors"; Group Dinner in Doha. The event was attended by the ambassadors of different ...

 Oct 28 2016 - Apple Fest begins at LuLu outletsGulf Times
(MENAFN - Gulf Times) The Apple Fest was launched at all LuLu Hypermarket outlets in Qatar yesterday. The week-long festival features more than 20 varieties of apple from Spain, France, Italy, New ...

 Oct 28 2016 - Qatar- 28 trucks seized in crackdownGulf Times
(MENAFN - Gulf Times) In a crackdown on overloaded and uncovered trucks, Al Khor and Al Thakhira Municipality has seized 28 such vehicles from the Umm Al Baraka area, the Ministry of Municipality and ...

 Oct 28 2016 - Qatar National Day Barwa Sports Championship setGulf Times
(MENAFN - Gulf Times) The Barwa Group, in association with the Qatar National Day Celebrations Associated Activities Organising Committee, will hold sports competitions at the Barwa Workers ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help