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 […]

OTP Launch

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 […]