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Central Bank bans charging fees from customers for electronic payment

Tuesday, December 6, 2022
Central Bank bans charging fees from customers for electronic payment

The Central Bank of Kuwait issued a circular, which prohibits companies and service provides from charging any fee from customers for all electronic payment services.

“It is prohibited for all practitioners of electronic payment business activity to collect any fees or commissions from the customer, who are the end users," the circular said. The circular also said all such service providers to update their contractual agreements accordingly.



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santosh
Wednesday, December 7, 2022
some schools are charging service charge for online fees collection

sr
Wednesday, December 7, 2022


Thank you.... make some arrangements for cross banking service charges. for atm also for example if my atm is burgan if i withdraw from nbk some 100 fils will be will reduce as service charge . this need to stop.

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