KNET General Assembly Session 2016

In 2016, KNET recorded many achievements and successes. Chairman of the Board, Mohammad Al-Othman, confirmed growth of 14.7% in online payments (226 in comparison to the previous year.

Additionally, around 49.383 POS devices were deployed, 94.4% of which support the GPRS feature. Furthermore, KNET released a new POS device that supports the NFC feature, which made up for around 42.6% of the POS devices in the local market.