Under Resolution No. 44/430 of 2018 the Central Bank of Kuwait (CBK) has issued a set of guidance to regulate the electronic payment (e-Payment) activity in Kuwait.
These guidelines are applicable to, any business that intends to engage in the activity of electronic payments and settlement systems.
This would include e-commerce and fintech businesses in Kuwait that have obtained an electronic payment gateway from Service Providers (e.g. local banks). Such businesses would need to register as Agents with the Service Providers.
Note: Please note: The requirements are subject to change as per the Central Bank of Kuwait's evolving guidelines and can also vary depending on the sponsoring bank's policies.