Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

OMAHA, Neb. & KUWAIT CITY--(BUSINESS WIRE)--May 28, 2025-

Tight Business Cases Accelerate Credit Unions’ Shift to Real-Time Payments

Executives at financial institutions large and small know that faster payments are becoming a part of their strategic and competitive roadmaps. If they don’t offer instant fund flows, retail and commercial clients will vote with their feet and move their accounts to a competitor. But for banks, and particularly smaller financial institutions (FIs), the move into real-time capabilities has been a process, and a cautious one. Most small to mid-siz…

Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year - QUICK NEWS AFRICA

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 202