SAWT BEIRUT INTERNATIONAL

| 9 February 2023, Thursday |

Credit Libanais launches “International Wallet” enabling cardholders to spend abroad

Credit Libanais has launched a new and first-of-its-kind service in Lebanon and the region, which is the “International Wallet” that will enable cardholders to spend abroad.

This initiative comes in line with the bank’s strategy to act proactively in the market to answer customers’ needs, and in light of the country’s situation that imposed a decrease on the international limit on all cards for spending abroad.

This innovative feature is free of charge, allowing customers to add an International Wallet on their existing USD credit card, load it with Fresh Funds and use it abroad with no restrictions.

In parallel, cardholders can still use the same card in hand locally as per their card limit. By holding one single card, cardholders can spend locally (up to their card available limit) and internationally (up to their available pre-loaded balance). Cardholders can also keep track of their expenditure via 2 separate SMS received on their phone (SMS for Local Transactions & SMS for International Transactions) & 2 separate E-statements (E-Statement for Local Transactions to be settled from the current local USD account & E-Statement for International Transactions displaying the International Wallet spending details).

Randa Bdeir, Deputy General Manager and head of E-payment Solution and Cards Technology at Credit Libanais stated: “Our mission is to keep providing our customers with the most advanced and innovative solutions that answer their needs and meets their expectations, especially in the current situation that Lebanon is going through.”

She added: “We put customers at the center of all that we do – this means anticipating our customers’ needs through superior experience and greater convenience.”

Bdeir said that the advantage of the International Wallet is that “One card will do it all”; since this unique feature allows cardholders to spend in Lebanon using their card as usual and abroad using the International Wallet linked on their card.

“In addition, any unused Fresh Money amount will remain available in the international wallet to be used anytime. Cardholders will keep on benefiting from all the privileges offered on their existing card,” Bdeir said.