Central Bank of KuwaitKWfinanceAug 21, 2026, 3:15 PMImpact 50.7

CBK Launches New KASSIP System Part of “Kuwait National Payments System Project”

30.08.21 Press Release CBK Launches New KASSIP System Part of “Kuwait National Payments System Project” Aiming to enhance the banking environment in the country in line with ongoing development of payment systems, the Central Bank of Kuwait (CBK) launched the new Kuwait Automated Settlement System for Inter-participant Payments (KASSIP), the CBK Governor Dr. Mohammad Y. Al-Hashel stated. This was one of a series of projects geared to entrench financial stability in the country through an integrated network of electronic payment systems at par with international standards and criteria in the field of payments and settlement, he added. More