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Kuwait’s payment landscape is characterized by a strong presence of cash, but digital payment methods are steadily gaining traction, driven by the increasing adoption of mobile wallets and online banking. Kuwait’s payment system is relatively modern, with a strong presence of digital methods alongside continued cash usage. Credit and debit cards (Visa, Mastercard) are widely accepted, particularly in urban areas. Online banking is prevalent, and electronic transfers are frequently used for business transactions. Mobile payment solutions are gaining traction, driven by increased smartphone penetration, although cash retains a significant role, especially in smaller businesses and among older generations.

Population

Estimated Population

4.3 million

Currency

Currency

Kuwaiti dinar (KWD)



Popular payment methods