Latest News
- Suspect In Jleeb Al-Shuyoukh Murder Case Arrested By Kuwaiti Aut...
- The Ministry Connects With Violators Of Residency Law In Eight L...
- Kuwait Welcomes Armenia-Azerbaijan Border Agreement For Regional...
- Despite Tough Laws, Chaos Seen On Roads
- Body Of Asian National Found In Jleeb Al-Shuyoukh Area
- Ministry Of Commerce And Industry Launches 6 New Electronic Serv...
- 3 Expats Caught In Salmiya With 213 Bottles Of Locally Produced...
- Over 100 Polygamy-related Cases Were Filed By Kuwaiti Women
- Impersonator Scams Kuwaiti Citizen Via Video Call
- The Municipal Council Announces Vacancies In Districts Six And N...
- Municipality Recovers Seized Plots
- Peak-time 'cut-offs' Raise Fears Of An Electricity Crisis
Kuwait Central Bank Looks To Regulate E-payment System
The Central Bank of Kuwait (CBK) has issued instructions for all service providers, including companies and institutions, to register in its electronic payment system.
All service providers are required to regulate their e-payment transactions in line with established regulations, CBK said in a statement posted on its official website.
All e-payment methods are subject to the scrutiny of CBK, the statement added, citing the bank’s governor Dr Mohammad Al-Hashel as saying that the new instructions are part of plans to propel the local banking sector.
On these plans for growth, Al-Hashel said that a team of experts and specialists has been assembled to look into the most cutting-edge financial services and products. He highlighted the widespread use of e-payment methods in Kuwait, assuring clients of foolproof security despite the alarming rise in global banking fraud.
Further details are available on CBK’s official website, www.cbk.gov.kw, he said. Meanwhile, the Ministry of Education has an “elephant in the room” represented by the “Call Center” project, which is yet be implemented even though the process began in 2011.
This project has so far drained KD 3 million from the state coffers, reports Aljarida daily. According to informed sources, this new discovery comes at a time when the ministry is at the pinnacle of crises and problems that are occurring one after the other including the breakdown of air conditioning units and poor school facilities as well as delay in the completion of maintenance works in schools as a result of negligence by some bodies in performing their work.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment