CBK keen on setting up new ‘payments system company’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

CBK keen on setting up new ‘payments system company’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CITY, Jan 20: The Central Bank of Kuwait (CBK) is keen on establishing a new Payments System Company capable of meeting the requirements of comprehensive development within the framework of its ambitious projects to develop the banking business and optimal application of the Kuwait National Payments System Project, reports Al-Qabas daily.. It includes an automatic clearing system, wages protection system, and national clearing system for payments through smart devices, real-time system for total settlements, real-time system for retail payments, electronic system for bill display and payment, financial claims management system, digital currency system, monitoring system, and quality control.. It may be better to establish a company, and perhaps, companies that are able to meet those needs, and in parallel with that creates a kind of competition between two companies to provide better services to customers, and to achieve greater returns for owners.. KUWAIT CITY, Sept 30: The Central Bank of Kuwait (CBK) is leading an extensive control “¦.