After activating the “Samsung Pay” and “Apple Pay” services for electronic payment, it seems that Kuwaiti banks are close to launching “Google Pay”.<\/p>\n
In this regard, Al-Rai learned from relevant sources that the Central Bank of Kuwait granted at least 3 banks, including Kuwait Finance House, licenses to activate the \u201cGoogle Wallet\u201d application, which is a method of paying, saving and using cards, tickets, keys and identification cards, similar to the two \u201cSamsung Pay\u201d services and \u201cApple Pay\u201d available in Kuwait.<\/p>\n
The sources expected that the licensed banks would start activating the new payment service at the beginning of next March, after supporting their customers\u2019 cards to be able to activate this service, as they moved in the past period to prepare all their regulatory and technical needs to launch the service for their customers, indicating that after obtaining the approval of the regulator, it works These banks have agreed to complete the requirements for equipping point-of-sale devices with their joint automated banking services company, KNET, to receive payments using the Google Pay system.<\/p>\n
The sources pointed out that unlike the mechanism for activating the \u201cSamsung Pay\u201d and \u201cApple Pay\u201d services, activating \u201cGoogle Pay\u201d in Kuwait will be without collecting any fees from the banks activating the service, which makes the banks\u2019 request for regulatory approvals to launch the service in Kuwait limited to the CBK only without the need to obtain the approval of the Ministry of Finance.<\/p>\n
She pointed out that the \u201cGoogle Pay\u201d electronic payment service will be directed to all communication devices that operate on the \u201cAndroid\u201d system, including \u201cHuawei\u201d phones, \u201cGoogle Pixel\u201d and other compatible devices that run on the \u201cChrome\u201d operating system.<\/p>\n
The sources indicated that the segment of customers that use these devices in Kuwait is limited, but the banks\u2019 move to activate the \u201cGoogle Pay\u201d application comes within the framework of their competitive endeavor to provide advanced payment services that include all their customers, which guarantees them a comprehensive payment experience.<\/p>\n
With the official launch of the service in Kuwait, customers who have accounts in Kuwaiti banks that have activated this service can use Google Pay to pay through any point of sale of KNET, which is estimated to be 90,000 devices in Kuwait.<\/p>\n
The sources confirmed that the banks that activated the \u201cGoogle Pay\u201d service will provide the highest levels of protection for the users of the application, while emphasizing the importance of following all procedures that ensure the protection of their devices and accounts from hacking and fraud, by activating the protection methods on their devices.<\/p>\n
She explained that the launch of global electronic wallets for bank cards in Kuwait, such as \u201cGoogle Pay\u201d and before that \u201cApple Pay\u201d and \u201cSamsung Pay\u201d, comes after completing all the requirements and conducting the necessary banking tests for the service, as it will be available to all customers of ready banks to support the cards of their customers who are phone users and watches that operate on the \u201cAndroid\u201d system to implement and accept their electronic payments. <\/p>\n","protected":false},"excerpt":{"rendered":"
After activating the “Samsung Pay” and “Apple Pay” services for electronic payment, it seems that Kuwaiti banks are close to launching “Google Pay”. In this regard, Al-Rai learned from relevant sources that the Central Bank of Kuwait granted at least 3 banks, including Kuwait Finance House, licenses to activate the \u201cGoogle Wallet\u201d application, which is […]<\/p>\n","protected":false},"author":16,"featured_media":118650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[],"class_list":["post-118649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local"],"yoast_head":"\n