ECONOMISTS APPLAUD MOCI'S EFFORTS TO IMPLEMENT KUWAIT'S 2035 VISION

  • 16/08/2022

Kuwait City: Economists have praised the Ministry of Commerce and Industry's efforts to stop the flow of "cash" in several industries, pointing out that these efforts are in line with Kuwait's Vision 2035 and other development initiatives intended to increase Kuwait's competitiveness at all levels. In addition to saving clients the hassle of having to carry cash while travelling, the use of digital payments would give traders a financial record to share with the appropriate authorities and tighten the screws on money laundering operations. 


The sources indicated that the banking infrastructure is ready to help all sectors. In the transition towards digitizing payments, stressing the importance of the transition being phased, with the opportunity for all citizens and residents to enjoy digital services, by working to achieve financial inclusion in the local market.

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