As part of the Bank’s ongoing efforts to elevate merchants’ banking experience in line with its digital transformation strategy and support for Kuwait Vision 2035
Burgan Bank announced the expansion of its innovative SoftPOS solution powered by K-NET, now enabling merchants to accept credit card payments directly through their smartphones. The service upgrade marks a major milestone in the Bank’s digital payments strategy, positioning Burgan Bank among the first in Kuwait to offer a holistic SoftPOS solution that supports debit card, credit card, and prepaid card payments, replacing traditional POS devices.
SoftPOS transforms any compatible smartphone into a secure, fully functional payment terminal, giving merchants, SMEs, startups, and home-based businesses a simple and cost-effective way to accept contactless payments anytime and anywhere. The enhanced SoftPOS service aligns with Burgan Bank’s robust digital transformation strategy and active contribution to achieving the Vision 2035 goal to transform Kuwait into a cashless, digital-first economy, empowering businesses to modernize their payment methods and operate with greater flexibility and mobility.
Commenting on the software’s latest update, Mr
Abdullah Hussain Al-Maqseed, Executive Manager – Merchant Acquiring at Burgan Bank, said: “In line with our committed contribution to achieving Kuwait Vision 2035 goals and supporting our local economy’s transition to a digital one, as well as our momentous digital transformation journey, we continue to deploy the latest financial technologies available to add ease, convenience, and security to our customers’ day-to-day business operations. Adopting SoftPOS powered by K-NET marks a milestone in our offerings for merchants, especially whose businesses are naturally portable and on-the-go, empowering them to accept payments seamlessly wherever and whenever.”
In addition, SoftPOS is governed by advanced data and cyber security features, in adherence to the cyber security framework set forth by the Central Bank of Kuwait (CBK) and Burgan Bank’s stringent risk management strategy. The encrypted transactions guarantee the highest degree of safety for all client data and transaction information, guarding them against theft.