How to apply for Point of Sale?
Merchants may request the service through any local bank providing the POS service.POS Terminals Types
Launched in 1995, the Point-of-Sale (POS) services benefitted the Kuwaiti economy considerably, by minimizing the risk of handling cash and servicing commercial and government sectors in the field of payment processing.
KNET uses the most advanced communication technology possible in the field of POS terminals. A wide range of POS terminals is available, accepting all locally issued debit cards, as well as major credit cards.
Facts and Figures
- The Point-of-Sale Service was launched in Kuwait, in 1995, becoming one of the most significant electronic payment channels in Kuwait
- To date, over 70,000 Point-of-Sale terminals have been deployed
- Most significant among the Point-of-Sale terminals available in the market at present are:
- More than 95% of the Point-of-Sale terminals currently in the Kuwaiti market depend on GPRS telecommunication technology, and 66% of the terminals support NFC.
KNET POS terminals provide the following services*:
- Sale + Cash back
- Auth Completion
- Cash Advanced
(*) Conditions and provisions apply