Chairman of the Board, Mohammad Al-Othman, announced that KNET recorded outstanding success in 2018, with a growth of 17% in online payments (307.4 million purchases), in comparison to the previous year. As a result, the value of online payments totaled KD 17.8 billion. More than 63,000 POS devices were deployed, 95% of which support the […]
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Chairman of the Board, Mohammad Al-Othman, confirmed 2017 as a successful year for KNET, in view of the increase of 32.6% in online payments (263 million), as compared to the previous year. Around 1218 merchants and website businesses, began using the online payment service for facilitating online purchases. As a result, the value of online […]
On the 15th of November, 2016, KNET held a conference to launch a client verification feature called OTP (One Time Password). Chairman of the Board, Mohammad Al-Othman, spoke of the increase in online payments (20 million), a growth of 39.7% for the year. Subsequently, the OTP feature was launched as an additional security feature to […]