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Kuwait’s central bank approves launch of new WAMD instant payments system

July 1, 2024

The system is facilitated by K-Net, which operates as a national payment gateway under the supervision of the CBK.

Writing on LinkedIn, Tariq Alusaimi, head of digital strategy and planning at the CBK, says the system is set to provide “added value and quality to the national payment infrastructure capabilities” while also serving as “a safe and advanced payment option that caters to the needs of different customer segments”.

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