Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts In First Year
WAMD onboards 30% of Kuwait’s banked population in first 3 months; real-time transactions powered by KNET and ACI Worldwide up more than 12x since 2024 By Godson Umejiego, Bureau Chief, The Americas and Ron Chen, Bureau Chief, Asia An original innovator in global payments technology, ACI Worldwide (ACIW), and KNET, Kuwait’s national electronic banking company, today announced that WAMD, Kuwait’s real-time payment system, recorded significant growth in the number of transactions processed since its launch in June of 2024, making WAMD one of the world’s most rapidly adopted real-time payment initiatives, Cyber...