Kuwait’s payment landscape has traditionally been dominated by Point of Sales (POS) and cash transactions. However, the penetration for digital (electronic) payments had been growing sharply over the past five years. The outbreak of Covid-19 brought about changes in transaction behavior among the consumers in Kuwait. E-commerce channels and digital payments were swiftly adopted by […]
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KTAP Updates on March 16, 2020
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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 […]