National Bank of Kuwait (NBK) has launched its Fintech Services, an initiative designed to support digital transformation in Kuwait’s banking sector and strengthen the country’s position in regional financial innovation.
The new services include Virtual IBANs (VIBANs) with secure Application Programming Interfaces (APIs), Bin Sponsorship, and QR Code Cash Withdrawal.
These offerings are intended for fintech companies and digital businesses, including licensed e-wallet providers, enabling secure integration and compliance with the regulations of the Central Bank of Kuwait (CBK).
The services allow fintech firms to connect with NBK’s infrastructure to provide financial services to a wider customer base, promoting financial inclusion.
They also provide an environment for licensed fintech companies to scale, innovate, and deliver digital financial solutions for individuals and businesses, while supporting the development of local talent and technology.
Mohamed Al-Othman, Chief Executive Officer, Consumer & Digital Banking at NBK Group, said:
“By providing access to NBK’s trusted digital infrastructure, we aim to accelerate Kuwait’s digital transformation and reinforce its position as a leading regional hub for fintech innovation.”
He added:
“By unlocking access to NBK’s infrastructure, the Bank is not only advancing financial inclusion but also enabling entrepreneurs and fintech pioneers to deliver secure, intelligent solutions that shape the future of finance.”
Al-Othman noted that NBK continues to invest in technologies, cybersecurity, and data-driven financial solutions, having introduced several digital services over the years that support Kuwait’s financial sector and position the bank as a partner within the regional fintech ecosystem.
He also highlighted that NBK remains focused on next-generation banking technologies, setting standards in innovation, digital infrastructure, and customer experience in Kuwait and the wider region.
Featured image credit: Edited by Fintech News Middle East, based on image by ali.al-omar via Freepik
