KNET levels up digital payments

The Shared Electronic Banking Services Company (KNET) in Kuwait has introduced a new payment mechanism on its online portal as part of its ongoing modernization and digital transformation strategy. Effective immediately, KNET replaces the traditional bank selection lists with a direct and automated card input system.

“

the upgrade is designed to provide a more efficient and seamless payment experience while aligning with international standards and strengthening the security of electronic transactions.

Users will now enter their bank card numbers directly into the system, eliminating the need to select their bank from a menu. KNET CEO Esam Al-Kheshnam stated that this upgrade is designed to offer a more efficient and seamless payment experience. It also aligns with international standards and strengthens the security of electronic transactions.

Al-Kheshnam further noted that the new system is a component of a larger development plan. This plan aims to enhance KNET's electronic payment gateway and prepare the platform for the integration of additional payment methods in the future. The update reflects global trends in digital payments, supporting efforts to improve the speed, flexibility, and reliability of online transactions.

“

the new system forms is part of a broader development plan aimed at enhancing its electronic payment gateway and preparing the platform to accommodate additional payment methods in the future.

Established in 1992 with the participation of local banks, KNET connects all local banking systems. It provides banking services through an advanced network, focusing on enhancing security and efficiency in financial transactions.

“

the update reflects global trends in digital payments and supports efforts to improve the speed, flexibility and reliability of online transactions.