Kuwait is rapidly embracing the digital era, propelling the growth of its eCommerce industry, which is projected to reach US$7.06 billion by 2027. This surge in digital commerce attracts foreign enterprises to Kuwait while motivating local businesses to go digital and offer digital payment options. To facilitate these payments, businesses require dependable payment gateways.
This blog presents a comprehensive list of the top 5 payment gateways in Kuwait that businesses can trust, accompanied by key considerations to make informed decisions. Additionally, we shed light on the evolving payment landscape in Kuwait, highlighting the importance of digital payment solutions.
Payment Landscape in Kuwait
The eCommerce market in Kuwait is on the rise, fueled in part by the impact of the COVID-19 pandemic, which has led to an increased preference for electronic payments. Financial institutions in Kuwait are expanding their infrastructure to support electronic payments, and even traditional brick-and-mortar businesses are digitizing their sales processes to enhance customer convenience and maintain a competitive edge.
Criteria for Selecting Payment Gateways in Kuwait
When searching for a payment gateway in Kuwait, there are several critical factors to consider:
Reliability
A reliable payment gateway is essential for smooth transactions. Customer reviews, customer support quality, service uptime, transaction approval rates, and transaction processing times are key indicators of reliability.
Supported Currencies
Opt for a payment gateway that supports various currencies, not just KWD. This flexibility allows for future expansion into other countries without the need to switch payment service providers.
Payment Options
Ensure that the payment gateway supports a wide range of payment options to accommodate both current and future customer preferences, including credit cards and emerging digital payment methods.
Integration
Look for payment gateways that are easy to integrate and offer robust support for market integrations with eCommerce platforms, CRMs, and other essential tools to improve efficiency and productivity.
Security
Prioritize security by choosing payment gateways that adhere to the highest industry standards, implement modern anti-fraud systems, and ensure secure transactions to protect both customers and your business.
Pricing
Understand the pricing structure of the payment gateway, including setup fees, transaction fees, refund fees, and other charges. Make sure the costs align with your business’s financial viability.
Top Payment Gateways in Kuwait
Here are the top payment gateways in Kuwait that businesses can rely on:
2checkout [Verifone]
2Checkout is a reliable payment gateway for Kuwait and other Middle Eastern countries. It offers competitive pricing, multilingual support, over 45 payment methods, high-security standards, and responsive customer support.
Checkout
Checkout is a popular payment gateway in the Middle East, including Kuwait. It supports over 150 currencies and offers a seamless, secure, and user-friendly experience. It caters to various types of merchants and integrates with a wide range of eCommerce platforms.
PayTabs
PayTabs is a versatile payment gateway for Kuwait businesses. It allows for various transaction methods, including QR code and payment links. PayTabs supports multiple local payment methods and currencies while ensuring secure and PCI DSS-certified transactions.
CCAvenue
CCAvenue is a widely-used payment gateway with a strong presence in the USA, India, and the UAE. It supports multiple payment options, various currencies, and offers customizable features. It’s a reliable choice for businesses looking to expand globally.
Hesabe
Hesabe is a local Kuwaiti payment gateway that offers the convenience of sending or receiving money via email or WhatsApp. It’s an ideal choice for local businesses and provides tools for tracking transactions and managing in-store POS payments.
The Role of Web Technology Expert
Web Technology Expert is a global payment integration and aggregation platform designed to facilitate payments across borders. With Web Technology Expert, you can seamlessly integrate over 30 payment gateways and 300 payment methods in more than 190 countries. This enables your business in Kuwait to offer services locally or expand globally. Web Technology Expert’s flexibility allows you to switch to an alternative payment gateway if one becomes unreliable, and its customizable features simplify the integration process.
Web Technology Expert serves as a valuable tool to navigate the complexities of local and international payment gateways, ensuring that your business can thrive in Kuwait’s evolving digital landscape.