logo
NBK's SoftPOS payment service for SMEs sees growing demand

NBK's SoftPOS payment service for SMEs sees growing demand

Kuwait Times11-05-2025
KUWAIT: Emphasizing its continued dedication to achieving digital convenience and enriching the customers' experience, National Bank of Kuwait's SoftPOS service payment is seeing a growing demand by Small and Medium Enterprises and business owners. This cutting-edge service that highlights NBK's commitment to providing diverse digital solutions enables merchants and business owners to easily and quickly turn their smartphones into POS terminals.
By using the SoftPOS service, payments can be accepted just like the physical POS machines, making the banking experience of businesses richer, more convenient and widely accessible. The SoftPOS payment service, which has been in effect for two years, reflects NBK's commitment to providing substantial support to SMEs and business owners and equip them with advanced digital tools that enhance their banking and financial dealings, as it is designed to offer a secure, fast, and flexible payment acceptance solution.
Business owners who subscribe to this service will be able to enjoy an array of benefits and digital features, including receiving payments to their businesses up to KD 250 and pushing an electronic POS slip through an e-mail message. Moreover, this service allows business owners to receive payments from credit cards and debit cards, as well as digital wallet payments such as Apple Pay, Samsung Wallet, Garmin Pay, Fitbit Pay, etc.
On this occasion, Homoud Al-Nasrallah SVP – Head of Merchant Business and Customer Loyalty Management commented: 'We are very proud that our SoftPOS service has become popular among business owners seeking flexibility and simplicity in accepting payments, as this reflects our success in understanding the customers' needs and providing services accordingly.'
Al-Nasrallah also added: 'This continued demand reflects our dedication to providing practical and innovative solutions that not only meet the evolving needs of our customers, but also exceed their expectations, as we always strive to be one step ahead to achieve an optimal and unique banking experience that can keep up with the growing and fast financial market.' Furthermore, Al-Nasrallah stressed that NBK will continue to embark on its digital innovation journey and provide digital banking solutions that make the customers' experience highly exceptional and convenient.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kuwait Projects KD 1 Billion Budget Deficit, Vows Reforms
Kuwait Projects KD 1 Billion Budget Deficit, Vows Reforms

Arab Times

timean hour ago

  • Arab Times

Kuwait Projects KD 1 Billion Budget Deficit, Vows Reforms

KUWAIT CITY, July 23: Kuwait's Cabinet, led by Prime Minister Sheikh Ahmad Al-Abdullah, held its weekly meeting at Bayan Palace on Monday, addressing a sweeping agenda that spanned diplomatic relations, environmental initiatives, and financial reforms. The session began with a review of messages sent to His Highness the Amir, Sheikh Meshaal Al-Ahmad, from leaders of allied nations, aimed at strengthening bilateral ties and expanding cooperation across various sectors. The Cabinet was briefed on the Prime Minister's recent meeting with Egyptian Transport and Industry Minister Kamel Al-Wazir, where both sides explored ways to deepen collaboration between the two nations. In a similar vein, Interior Minister Sheikh Fahad Al-Yousef reported on his official visits to Lebanon and Syria, where discussions centered on strengthening security cooperation—particularly in areas such as drug trafficking, organized crime, and intelligence exchange. Meanwhile, Health Minister Dr. Ahmed Al-Awadhi shared highlights from his official trip to France, which included signing five major agreements with leading Paris-based medical institutions such as Institut Curie and Foch Hospital. He also showcased Kuwait's groundbreaking involvement in a robotic surgery conference in Strasbourg, where a Kuwaiti team performed live remote surgeries—a first for the country and a milestone in its healthcare ambitions. The Cabinet praised these medical advancements, citing them as key milestones in the government's strategy to localize and enhance national healthcare services. Turning to environmental matters, Oil Minister Tariq Al-Roumi and officials from the Environment Public Authority presented Kuwait's new low-carbon roadmap. The long-term plan aims to shield the country from the impacts of climate change while driving green investment and advancing a circular carbon economy. The Cabinet welcomed the initiative as a vital step in Kuwait's push toward sustainable development. On economic matters, Finance Minister and Minister of State for Economic Affairs and Investment Eng. Noura Al-Fassam gave a detailed presentation on the country's 2024–2025 fiscal report. The figures revealed a projected budget deficit of KD 1.056 billion, prompting calls for tighter control on government spending and a renewed push to increase non-oil revenues. The Cabinet also reviewed Kuwait's progress in meeting international standards for anti-money laundering and counter-terrorism financing. Top officials from the National Committee and the Kuwait Financial Intelligence Unit participated in the briefing, with ministers urged to complete all outstanding tasks to ensure compliance in upcoming evaluation phases. In additional proceedings, the Cabinet approved several draft decree-laws on final accounts for the current fiscal year and agreed to forward them to His Highness the Amir. The ministers also signed off on several other agenda items, referring some to specialized committees for further review. Finally, the Cabinet approved the latest rulings by the Supreme Committee for the Investigation of Kuwaiti Nationality, which included cases involving the revocation of citizenship under the Kuwaiti Nationality Law of 1959 and its amendments.

Armenia Praises Kuwait While Forging Bold New Gulf Partnerships
Armenia Praises Kuwait While Forging Bold New Gulf Partnerships

Arab Times

time3 hours ago

  • Arab Times

Armenia Praises Kuwait While Forging Bold New Gulf Partnerships

KUWAIT CITY, July 22: Amid accelerating regional movements and aspirations to strengthen relations with the Gulf states, Armenian Ambassador to Kuwait Dr. Arsen Arakelyan affirmed that Armenia continues to toe the path of peace and openness, welcoming the balanced Arab role, especially the Emirati mediation aimed at ending the conflict with Azerbaijan, reports Al-Seyassah / Arab Times daily. In an exclusive interview with the daily, Arakelyan – who put emphasis on strengthening the partnership with Kuwait – talked about prospects for economic and tourism cooperation, historical relations between the two countries, and appreciation of his country for Kuwait's hosting of the Armenian community for more than seven decades. Arakelyan affirmed that his country is open to peace and investment efforts, and puts importance on strengthening its relations with Kuwait and other Gulf states. He praised the strong ties between Yerevan and Kuwait, describing them as 'historical relations built on mutual respect and understanding.' He added, 'Kuwait was among the first countries to establish diplomatic relations with Armenia following independence, a position highly appreciated by the Armenian leadership and people.' He also praised the tolerant environment that Kuwait has been providing for the Armenian community since the 1950s. He asserted that 'Kuwait has embraced our citizens for decades and provided them with an environment conducive for living and working. We are always appreciative and grateful for this.' Regarding the economic situation, he cited the successful investment experiences of Kuwaiti and Gulf investors in his country. He stressed that Armenia welcomes more economic partnerships, especially in agriculture, industry, and trade sectors, which are promising areas within the national development plans. On the launching of direct flights between Kuwait and the Armenian capital -- Yerevan, Arakelyan believes this step will contribute to ongoing efforts to strengthen bilateral cooperation, expand the horizons of tourism and trade exchange, and facilitate the movement of businesspersons between the two countries. He added, 'Armenia is an attractive destination that welcomes Kuwaiti investors and tourists.' Talking about the regional issue, he confirmed the diplomatic efforts led by the United Arab Emirates (UAE) with the aim of reaching an inclusive peace agreement between Armenia and Azerbaijan. He stated, 'There are serious efforts to end the tension and open a new page. We hope that they will result in the signing of a final peace agreement through the fair Emirati mediation. We highly value this responsible role and the balanced approach of the UAE in supporting regional stability.' On his country's relations with neighboring countries, Arakelyan emphasized that the relationship between Armenia and Iran is 'stable and it is managed rationally and responsibly in the interest of both parties.' He denied the existence of hostile practices from the Iranian side toward his country, underscoring the importance of dialogue as a means of maintaining regional stability.

Fishermen call for controlled mullet fishing
Fishermen call for controlled mullet fishing

Arab Times

time3 hours ago

  • Arab Times

Fishermen call for controlled mullet fishing

KUWAIT CITY, July 22: Chair of the Board of Directors at the Kuwait Fishermen Union Abdullah Al-Sarheed praised the efforts of the Minister of Electricity, Water, and Renewable Energy Dr. Subaih Al-Mukhaizeem, for his interest in the food security sectors of the Public Authority for Agriculture Affairs and Fish Resources (PAAAFR), reports Al-Seyassah daily. Al-Sarheed expressed optimism about the upcoming phase, especially as some of the union's longstanding demands have begun to be addressed. He said officials now clearly understand the concerns of the fishermen, and confirmed that the union's board continues to hold meetings with relevant authorities to meet all remaining demands. Al-Sarheed also extended his gratitude to the Ministry of Finance's Support Committee for its support and positive stance toward the union. Meanwhile, Al-Sarheed revealed that the shrimp fishing season in Kuwait's territorial waters is set to begin on August 1. Al-Sarheed praised the efforts of the Director-General of the Coast Guard, Rear Admiral Sheikh Mubarak Al-Sabah, and the Coast Guard and Navy personnel who protect fishermen during their fishing trips. He expressed his gratitude to officials at PAAAFR, particularly those in the Fisheries Sector, for their dedication to developing the fishing industry and supporting fishermen's demands. Al-Sarheed reiterated the fishermen's request to allow mullet fishing in Kuwaiti waters under the supervision of the relevant authorities and with specific controls and conditions, affirming that fishermen are ready to supply mullet fish at reasonable prices. In conclusion, Al-Sarheed urged officials to take into consideration the Kuwait Fishermen Union's vision for Dr. Al-Mukhaizeem, the development of the fishing sector.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store