CBK requires banks to activate OTP even worth 100 fils – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 14-Mar-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
CBK requires banks to activate OTP even worth 100 fils – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, March 13: The Central Bank of Kuwait directed banks to cancel the minimum amount for online purchases for value-store services, foremost of which are balance recharge operations without the need for a verification code, as it has become obligatory for banks to activate the (OTP) code for such operations even if it was worth 100 fils, reports Al-Rai daily. The operations include purchasing applications and games on the Internet and “itunes”, and other purchases of balance cards, noting that the CBK decided during the Corona pandemic to raise the limit for remote payment operations (TAP) from 10 to 25 dinars.
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