KNET

KNET is the dominant credit card payment method in Kuwait. All debit cards issued must bear this local brand. Of the 5 million cards issued, 80% are debit cards and therefore belong to KNET.

The Shared Electronic Banking Services Company (KSCC): Established in 1992, the Shared Electronic Banking Services Company (K-Net) is a joint venture owned by the eight national banks of Kuwait. KNET is committed to pursuing and adopting the most advanced technology in all areas of electronic banking, thereby providing member banks and the banking community in Kuwait with the highest global standard solutions and services.

KNET serves all banks operating in Kuwait, providing its member banks and their customers with the opportunity to benefit from electronic banking services in the GCC countries as part of the GCC network connection. The electronic payment gateway accepts all debit cards issued by the National Bank of Kuwait.

Knet started serving the banking industry in Kuwait and the Gulf region in 1994. Services range from multiple delivery channels, including ATM, POS, IPOS, payment gateways and cheque book printing, etc., to facilitate e-commerce transactions by connecting government departments, private sectors, users and banks, etc. .

Services provided by KNET, Kuwait Payment

• Automatic linking between local banks
• Point of Sale Services
• ATM Services
• Payment Gateway for e-commerce and e-government
• GCC Net
• Cheque Book Printing
• Other professional services in the field of electronic payment systems.

POS

KNET uses the most advanced communication technology in the field of POS terminals, providing many POS devices with various available communication methods, SIM card technology, WiFi technology, dedicated LAN (IP), GPRS devices, VPOS devices, etc.