StanChart joins hands with LuLu

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Standard Chartered Bank has announced its partnership with the leading multinational retailer, LuLu Hypermarket to offer value-benefits to its credit cardholders.

The partnership brings together the region’s largest and fastest-growing retail organisation, LuLu Hypermarket, the flagship enterprise of the multi-dimensional LuLu Group and a legacy bank with a 100-year history in Bahrain, Standard Chartered Bank (SCB). According to a statement issued by the bank, it falls in line with SCB’s strategy to strengthen ties between the bank and the local retail community. The partnership will offer 0% interest instalment proposition for credit cardholders.

Electronic appliances above BD 100 purchased with a Standard Chartered credit card can be paid in 3 or 6 months instalment at 0% interest with no additional fees. In addition to this, other value benefits like cashback promotion, raffle-based campaign and discount on purchases made on LuLu E-Commerce channels for credit cardholders will also be periodically rolled out.

This offer can be availed at all LuLu Hypermarket outlets across the Kingdom. “LuLu Hypermarket is very pleased to work with Standard Chartered to make spending more structured for our customers and repayments easier to plan,” said LuLu Group Director, Juzer Rupawala, “We see this as a great coming together of a heritage institution - Standard Chartered – and LuLu Hypermarket, a retail operation that prides itself on its top-quality customer service and innovation.”

Kunal Varma, Head, Consumer, Private and Business Banking (CPBB), Bahrain & Middle East (ex-UAE) at Standard Chartered, commented: “Being a key retailer in Bahrain, we are delighted to have partnered with the multinational brand, LuLu Hypermarket in Bahrain, where Standard Chartered and LuLu Hypermarket customers can mutually benefit from value-added benefits.

Being in Bahrain for 100 years, Standard Chartered has a strong consumer banking client base and our objective is to cater to this segment and the lifestyle of our customers. LuLu Hypermarket is a trusted brand and we wanted to ensure that our customers have value-added access when shopping at LuLu Hypermarket outlets, around the year.

I would like to thank the LuLu Hypermarket team for the most coveted partnership and look forward to more collaborations in the future.”