Kuwait Cards and Payments: Opportunities and Risks to 2030
Powered by ![]()
All the vital news, analysis, and commentary curated by our industry experts.
GlobalData’s ‘Kuwait Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in Kuwait cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including debit, credit and charge cards during the review-period (2022–26e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2026e–30f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
GlobalData’s ‘Kuwait Cards and Payments: Opportunities and Risks to 2030' report provides top-level market analysis, information and insights into Kuwait cards and payments industry, including –
• Current and forecast values for each market in Kuwait cards and payments industry, including debit, credit and charge cards.
• Detailed insights into payment instruments including cards, cash, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing Kuwait cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of Kuwait cards and payments industry.
Scope
Card market size in terms of number of cards, value and volume of transactions in Kuwait along with detailed card segmentation of debit, credit and charge cards available in the country.
Market sizing and analysis of major payment instruments including cards, cash, and cheques.
Payment market trends and growth for both historical and forecast period
Competitor analysis with detailed insights into leading card issuers and schemes.
Comprehensive analysis of consumer attitudes and buying preferences for cards.
A detailed snapshot of country's key alternative payment brands.
Key Highlights
WAMD is an instant payment service introduced in December 2024 by KNET, under the supervision of the CBK. The system operates 24 hours a day, seven days a week, 365 days a year, allowing users to send funds between bank accounts, request payments, and receive transfers using only the recipient’s phone number, without the need for IBANs or account number details. As of May 2025, WAMD has over one million registered accounts.
Kuwait’s ecommerce market is experiencing healthy growth. This can be attributed to the country’s widespread smartphone penetration and internet connectivity. To capitalize on this growth, companies are introducing digital platforms in the country. For instance, in April 2025, Kuwait Mart launched its online shopping platform, providing customers access to a wide range of products through a digital interface, with features such as home delivery, user-friendly navigation, and integrated payment solutions. Similarly, in September 2025, Dubai-based retail conglomerate Majid Al Futtaim introduced its HyperMax grocery retail brand in Kuwait, offering multiple stores and a new ecommerce platform that enables customers to order groceries online.
Cross-boarder payments are gradually gaining traction in the country. For instance, in March 2025, Kuwait International Bank launched the Fast Transfer remittance service via its mobile banking app, in partnership with Visa. The service leverages Visa Direct to enable customers to send international transfers quickly to bank accounts across multiple countries.
Reasons to Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Kuwait cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in Kuwait cards and payments industry.
Assess the competitive dynamics in Kuwait cards and payments industry.
Gain insights into marketing strategies used for various card types in Kuwait.
Gain insights into key regulations governing Kuwait cards and payments industry.
KFH
NBK
Commercial Bank of Kuwait
Gulf Bank
Al Ahli Bank of Kuwait
Warba Bank
Kuwait International Bank
Boubyan Bank
Burgan Bank
Diners Club
Visa
American Express
Mastercard
Table of Contents
Table
Figures
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Related reports
View more Payments reports