Compareit4me.com, a leading finance comparison site in the UAE, Qatar and Bahrain, continues its GCC-wide expansion with the recent launch of its dedicated Kuwait website, the first platform of its kind in the country.

The site has carved a niche for itself in the regional banking industry following its successful UAE debut three years ago, said a statement.

It has become the go-to site of users in the UAE, Qatar and Bahrain looking for a convenient and streamlined way of searching, comparing and applying for products such as savings and current accounts, personal loans, credit cards, car finances and home loans, it said.

Jon Richards, chief executive officer, said like its predecessors, the Kuwait website will help users to compare credit cards and loans from major local and international banks operating in Kuwait.

“Having the products listed on one, easy to use website means visitors to kuwait.compareit4me.com can find the best rates and the most relevant products for them,” he said.

“Kuwait.compareit4me.com was built to help consumers make accurate financial decisions, but we also help the banks achieve their marketing goals. By displaying the various products and offers, we help banks connect with motivated and informed users, who have already gone through the research phase and are now ready to commit,” Richards said.

Compareit4me.com’s entry into the Kuwaiti market is a testament to the GCC banking sector’s immense growth potential. The region’s total bank assets will likely hit the $2 trillion mark by next year, according to industry forecast.

“Home to over 3.4 million people, Kuwait occupies a land area of just 17,820 sq km. But what it lacks in size, it more than compensates for in economic strength,” said Richards.

“Compareit4me is actively working to highlight the potential of comparison websites in the region and its presence in Kuwait will definitely be a game changer for the local banking sector,” he added. - TradeArabia News Service