Kuwait Mandates Digital Payments for Services Exceeding KD10

Kuwait's Ministry of Commerce and Industry has introduced a new regulation requiring electronic payments for services costing more than 10 dinars across six sectors, including salons and gyms. This initiative aims to enhance financial transparency and reduce cash transactions.

7 Apr, 12:33 — 7 Apr, 12:33

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Times of IndiaMostly Factual151d ago

Kuwait sets KD10 cash limit across 6 service sectors, mandates digital payments above cap

Kuwait is now mandating electronic payments for services exceeding 10 dinars, impacting salons, gyms, and pest control firms. This move by the Ministry of Commerce and Industry aims to boost financial transparency and curb cash transactions. The regulation encourages secure digital payments, enhancing oversight and accountability across various business sectors.

By TOI World Desk

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Kuwait Mandates Digital Payments for Services Exceeding KD10

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Kuwait sets KD10 cash limit across 6 service sectors, mandates digital payments above cap

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