Tagged: Kuwait

November 16, 2025 @ 4:44 pm By Michael Wong  |  

National Bank of Kuwait (NBK) has rolled out a new suite of fintech infrastructure services for licensed e-wallet providers and digital businesses, seeking to embed itself more deeply in Kuwait’s fast-evolving digital payments market, according to an announcement. The “FinTech Services” package includes virtual IBANs… Read More

November 4, 2025 @ 11:19 pm By Omar Faridi  |  

Tabby, the Saudi Arabia–based financial services app, has recently confirmed the completion of a secondary sale of shares that was reportedly held by certain existing shareholders. As part of the latest transaction, HSG, Boyu Capital and others acquired shares from existing investors, “resulting in an… Read More

September 29, 2025 @ 12:27 am By Michael Wong  |  

Kuwait’s stock exchange extended its trading hours by 30 minutes starting Sunday as the Gulf state seeks to enhance liquidity and align with global markets to attract more international investors. Boursa Kuwait now operates continuous trading from 9:00 a.m. to 1:00 p.m., compared to the… Read More

July 20, 2025 @ 4:31 pm By Michael Wong  |  

Kuwait’s Capital Markets Authority (CMA) has launched the country’s first securities-based crowdfunding platform, a move aimed at expanding capital market participation and introducing new financial technologies. The CMA said in a statement that Al-Mawazi Capital is the first entity to be registered under its securities-based… Read More

August 11, 2024 @ 2:10 pm By Michael Wong  |  

Kuwait has officially launched securities-based crowdfunding platforms, marking a significant milestone in the country’s financial technology landscape nearly two years after the initial draft for Fintech regulation was introduced. The announcement, made by Minister of Commerce and Industry Omar Al-Omar, represents a strategic move aimed… Read More

June 15, 2024 @ 7:11 pm By Omar Faridi  |  

The Central Bank of Kuwait (CBK) has added 2 new companies to e-payment services providers, e-Money services providers and e-payment systems operators register. Continuing its efforts to encourage innovation in financial services, enhance electronic payment services and regulate these activities, ensure providing high-quality, efficient and… Read More

May 27, 2024 @ 9:59 pm By Omar Faridi  |  

Tata Consultancy Services (TCS) (NSE: TCS), a global enabler of IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a commercial bank in Kuwait. The bank will deploy TCS BaNCSTM to “consolidate multiple standalone legacy… Read More

September 3, 2023 @ 5:08 am By Michael Wong  |  

As part of its commitment to promoting financial literacy, Gulf Bank is advising its customers on the risks associated with virtual assets like cryptocurrency. The initiative is part of the Let’s Be Aware “Diraya” campaign, now in its third consecutive year, which is spearheaded by… Read More

August 1, 2023 @ 10:45 pm By Omar Faridi  |  

Kuwait International Bank (KIB) has announced the launch of its Corporate Online Banking platform, heralding “a new phase of financial empowerment and security for its corporate customer.” The launch falls in line with the Bank’s commitment “to digital innovation and expanding its modern banking solutions.”… Read More

June 19, 2023 @ 11:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More

March 14, 2023 @ 10:53 pm By Omar Faridi  |  

Zad is reportedly the “first-of-its-kind digital investment platform launched in Kuwait by Securities House, “offering end-users access to trade over 4,000 stocks and ETFs in full compliance with Islamic Shariah principles.” As noted in a blog post, Zad is “the brainchild of the fintech Securities… Read More

March 7, 2023 @ 7:07 am By Omar Faridi  |  

Mastercard (NYSE: MA), a technology company in the global payments industry, has collaborated with Google in order “to launch Google Pay in Kuwait, strengthening digital payment capabilities in the country.” Cardholders can tap to pay “with their Android phones or supported Wear OS devices in… Read More

December 19, 2022 @ 8:05 pm By Omar Faridi  |  

Mastercard (NASDAQ: MQ) brings Apple Pay to its cardholders in Kuwait. Apple Pay is “providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the… Read More

November 26, 2021 @ 11:11 am By Omar Faridi  |  

The National Bank of Kuwait has introduced Weyay, which is reportedly the Middle Eastern country’s first completely digital bank (will focus on serving younger clients). At present, the Fintech and virtual banking app is in beta testing and has been introduced at the pre-registration stage…. Read More

August 19, 2021 @ 8:37 am By Omar Faridi  |  

Ajar, a MENA region rental collection platform, reveals that it has expanded its business operations to the Kingdom of Bahrain. With an established presence in Kuwait and the United Arab Emirates (UAE), the firm will be providing its property management and rent collection services in… Read More

July 31, 2021 @ 8:49 pm By Omar Faridi  |  

Mumbai-based Fintech company QPS Global recently revealed that it will be expanding its business operations in the Middle East. The company confirmed that it will be allocating $10 million in capital into the region within the next 12 months. The B2B card issuance and processing… Read More

July 15, 2021 @ 8:33 am By Omar Faridi  |  

Boubyan Bank has introduced a mobile-only, Sharia-compliant banking solution in the United Kingdom. The platform will aim to address the requirements of individuals residing in the Middle East who may have international banking needs. As noted in the announcement, Nomo will be providing a new… Read More

June 7, 2021 @ 11:32 pm By Omar Faridi  |  

Pakistan Kuwait Investment Company (Private) Ltd (PKIC) recently made a PKR 500 million (appr. $3 million) equity investment into Planet N (Private) Ltd in order to support the fast-evolving startup sector in Pakistan. The new investment is reportedly part of Planet N’s $10 million funding… Read More

May 24, 2021 @ 10:01 pm By Omar Faridi  |  

The Central Bank of Kuwait has issued a statement on crypto assets and their risks. Kuwait‘s reserve bank says that it aims to enhance financial awareness and intends to encourage the Kuwaiti banking sector to adopt socially responsible business practices. The Central Bank of Kuwait… Read More

May 12, 2021 @ 9:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a multinational provider of real-time virtual payment solutions, reveals that it has expanded its working relationship with KNET, which is Kuwait’s national digital banking firm. Through the expanded partnership, ACI Worldwide and KNET will introduce several innovative virtual payment services in… Read More