Kuwait

BNPL Finds Appeal in Wealthy Middle Eastern Countries
BNPL Finds Appeal in Wealthy Middle Eastern Countries
December 19, 2023  |  Buy Now Pay Later

There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they...

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Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
November 01, 2023  |  BNPL

Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of...

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Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
July 20, 2023  |  Cryptocurrency

Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place...

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Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
October 24, 2022  |  Buy Now Pay Later

The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers...

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PYMNTS GCC Series: Partnerships, PayTech Innovation Move Kuwait Into Digital Era
PYMNTS GCC Series: Partnerships, PayTech Innovation Move Kuwait Into Digital Era
July 13, 2022  |  Technology

In this third installment of the PYMNTS series on the state of FinTech innovation in the Gulf Cooperation Council (GCC) countries, we turn our attention...

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Kuwait Bank Taps Ripple For International Network
Kuwait Bank Taps Ripple For International Network
December 28, 2018  |  B2B Payments

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its international network, offering 24-hour wire transfers to Jordan, with more...

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ACI Provides Fraud Protection To Kuwait Banks
ACI Provides Fraud Protection To Kuwait Banks
January 05, 2017  |  Payment Methods

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking...

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