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Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership

  • Commercial Bank of Kuwait (CBK) has partnered with payment solutions provider Network International for its digital transformation efforts.
  • Network International, headquartered in Dubai and established in 1994, is a regional financial transaction vendor with a track record of serving companies like Codebase, JP Morgan Payments, and WeChat Pay.
  • CBK aims to enhance its payment operations and transition to digital through this collaboration.
  • The partnership will leverage Network International’s technology and expertise in end-to-end issuer processing capabilities, including advanced authentication, fraud detection, prevention, instant issuance, and tokenization.
  • Nandan Mer, CEO of Network International, notes that the Kuwaiti market is experiencing significant digital payment adoption, and the fintech is prepared to support this transformation.
  • Abdulaziz Al Zaabi, General Manager of the Retail Banking Division at CBK, emphasizes the combination of Network International’s card payment processes with CBK’s banking expertise to deliver agile, secure, and innovative services to customers.
  • Sheikh Ahmad Duaij Al-Sabah, Chairman of CBK, sees the partnership as strengthening their leadership in the industry and demonstrating a commitment to valued customers.

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