The Central Bank of Kuwait (CBK) announced it will host an introductory event on 23 June 2025 to launch its Buy Now Pay Later (BNPL) Project, described as a flagship initiative within the CBK’s Initiative Accelerator Program. The Initiative Accelerator Program is positioned as a mechanism to support Kuwaitis with innovative ideas for the banking and financial sector by providing structured support and guidance to help develop ideas into ventures along pre-defined tracks. For the BNPL Project, CBK mobilised a team combining technical and commercial capabilities to develop BNPL solutions intended solely for the Kuwaiti financial sector, and invited multiple CBK-regulated entities to participate following completion of all project phases.
Central Bank of Kuwait 2025-06-22
Central Bank of Kuwait announces launch of a Buy Now Pay Later project under its Initiative Accelerator Program
The Central Bank of Kuwait will host an event on 23 June 2025 to launch its Buy Now Pay Later Project, a key initiative within its Initiative Accelerator Program aimed at developing BNPL solutions for the Kuwaiti financial sector.