Description
Understand the future of Kuwait’s cards and payments industry with GlobalData’s comprehensive market intelligence report. Covering transaction values, growth trends, payment instruments, regulatory developments and competitive dynamics, this report helps you make informed decisions in a rapidly digitalising financial landscape.
Built on GlobalData’s proprietary banking and payments intelligence platform, and trusted by Fortune 500 companies and leading governments, this report combines data-driven insights with strategic foresight to guide your business, investment and policy decisions.
What you’ll find in our Kuwait Cards and Payments Market report?
- Market Size & Growth Outlook (2023–2028): The annual value of card transactions reached $126.6 billion in 2023, projected to grow at a CAGR of more than 6% from 2024 to 2028.
- Payment Instruments Overview: Analysis of cards and cheques, covering usage trends, transaction values and growth potential.
- Key Market Segments: Detailed insights into card-based payments, e-commerce payments and alternative payment methods.
- Market Drivers: Exploration of government and financial institution initiatives promoting electronic payments and financial inclusion.
- Consumer Behaviour: Assessment of evolving consumer payment habits, driven by debit card popularity, e-commerce expansion and contactless adoption.
- E-commerce & Digital Payments: Evaluate the impact of online shopping growth, smartphone penetration and internet connectivity on transaction volumes.
- Innovations & Developments: Review of new products and launches, including KNET’s SoftPOS app and Landmark Group’s e-commerce platform with enhanced delivery options.
- Competitive Landscape: Market shares and profiles of leading issuers, acquirers and payment schemes including KFH, NBK, Al Ahli Bank of Kuwait, Boubyan Bank, Google Pay and Samsung Pay.
- Regulatory Framework: Coverage of financial regulations, licensing policies and recent structural changes shaping Kuwait’s payment environment.
- Benchmarking Tools: Compare Kuwait’s card market growth and digital readiness against regional and global peers.
Who should read this Kuwait Cards and Payments Market report?
This report is essential for:
- Banks & Card Issuers – Benchmark performance, assess market share and identify areas for digital expansion.
- Payment Service Providers & Fintechs – Track technology adoption and assess opportunities in contactless and alternative payments.
- E-commerce Platforms & Merchants – Evaluate payment trends to optimise checkout experiences and acceptance strategies.
- Investors & Financial Institutions – Identify growth areas and revenue potential across Kuwait’s digital payments ecosystem.
- Government Agencies & Regulators – Understand the role of policy, licensing and regulation in fostering payment innovation.
- Consultancies & Market Advisors – Support clients with accurate market data, transaction analysis and competitive benchmarking.
- Senior Executives (Strategy, Innovation, Risk & Compliance Leads) – Inform decision-making on product strategy, partnerships and digital infrastructure.
How you can use our Kuwait Cards and Payments Market report?
This report helps you:
- Identify growth opportunities in card-based, e-commerce and alternative payments.
- Benchmark transaction volumes, market share and performance across leading banks and schemes.
- Support digital transformation initiatives by understanding the drivers behind electronic payment adoption.
- Monitor innovation and regulation shaping Kuwait’s evolving payment landscape.
- Refine go-to-market strategies with insights on consumer preferences and emerging technologies.
- Align product development with new payment acceptance trends and regulatory priorities.
For example, KFH and NBK can leverage the report to benchmark card transaction volumes and digital growth. Boubyan Bank and ABK may use insights to enhance financial literacy and youth banking programmes. Global players like Visa and Mastercard can use market intelligence to refine local partnership and acceptance strategies.
Why this report is valuable for you?
- Built on GlobalData’s proprietary banking and payments intelligence database
- Trusted by Fortune 500 companies and leading governments
- Backed by analysts with decades of financial services expertise
- Provides actionable insights to support strategic planning and investment
- Helps you benchmark against regional and global digital payment leaders
In a rapidly evolving payments landscape, reliable intelligence is your competitive advantage. Equip your team with trusted insights and actionable data to drive smarter decisions on digital payment strategies, card issuance, and competitive benchmarking in Kuwait’s growing financial ecosystem.
For any institution seeking to lead in Kuwait’s fast-modernizing payments sector, this report stands as an essential reference for informed, future-ready decision-making.
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