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NEWS & PROMOTIONS


ABK enables contactless payments with KNET

November 14th 2017

Banking further simplified with the launch of the Tap ‘n’ Go service on Prestige, Elite and VIP Debit Cards on KNET Terminals

ABK Tap N Go

In an effort to make life simpler for its customers through a series of ongoing enhancements, Al Ahli Bank of Kuwait (ABK) today announced the launch of the Tap ‘n’ Go service with KNET. This technology uses Visa payWave to enable Prestige, Elite and VIP Debit cardholders to transact with the POS devices by tapping or waving the card on the NFC-enabled POS machine without the need to insert or swipe the card. This enhancement will enable frictionless payments for low value transactions in a secure, more convenient and faster way.

In addition, ABK provides this service without the requirement of PIN or signature verification for point-of-sale transactions below KD10 up to a cumulative total of KD25, making the experience even simpler. For contactless transactions above KD10, or cumulative KD25, a PIN will be required.

KNET have already started enabling this functionality on the Kuwait POS network. All NFC-enabled POS machines will feature the distinctive contactless symbol, which is also present on the card, and ensures contactless payments can be conducted.

For more information about ABK, please contact an ABK customer service agent via ‘Ahlan Ahli’ at 1899899.