Central Bank of Kuwait

1 result about this entity

Period: 25 Oct 2022 - 25 Oct 2022

/regulation

CBK to test a buy now, pay later product within its regulatory sandbox

In light of the keenness of the Central Bank of Kuwait (CBK) to enable modern financial technologies in the State of Kuwait and to enhance its role in adopting and encouraging innovation, in a way that promotes the introduction of innovative business models, the CBK has allowed a new Buy Now Pay Later (BNPL) product to begin testing by launching thereof in the local market within the Regulatory Sandbox with a group of volunteer customers and merchants to fully assess and evaluate the product before the final launch in the market.