Visa reveals Kuwait consumers seek banks help in understanding environmental impact of spending

Visa reveals Kuwait consumers seek banks help in understanding environmental impact of spending

Kuwait City, Dec 25: Visa, a world leader in digital payments, released the Kuwait results of their ‘2023 Sustainable Commerce’ study today during the United Nations Climate Change Conference (COP28). The study scrutinizes consumer and business behaviors, and the readiness of infrastructure to support sustainable commerce. The survey reinforces the urgency for all industry stakeholders …

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Kuwait City, Dec 25: Visa, a world leader in digital payments, released the Kuwait results of their ‘2023 Sustainable Commerce’ study today during the United Nations Climate Change Conference (COP28). The study scrutinizes consumer and business behaviors, and the readiness of infrastructure to support sustainable commerce. The survey reinforces the urgency for all industry stakeholders to take decisive collective action to promote sustainability through responsible innovation for the benefit of consumers, businesses and the economy.

Key Findings for Kuwait:Consumers are aware and doing something about sustainability:Over two-thirds of Kuwaiti consumers believe that decarbonization is not limited to corporate entities, and individuals can make a difference. More importantly, in Kuwait, survey respondents view rising cost of living (40%) as a leading societal challenge, followed by