Kuwait International Bank

Kuwait International Bank (KIB) is a Kuwaiti bank that offers merchant acquiring through bank-provided point-of-sale terminals. It publishes a merchant agreement that sets out how businesses accept card payments at its POS.

Acquiring and POS The listed services are merchant acquiring and POS. The bank's merchant agreement names K-Net as the agent responsible for supplying, installing and servicing the terminals. This separates the role of the bank, which holds the merchant relationship, from that of the technical contractor that handles the hardware.

What to clarify The source material does not state card schemes, fees, settlement times or eligibility criteria. A merchant evaluating the offer should ask the bank for the current tariff, the supported schemes, the settlement schedule and the documents required for onboarding. It is also worth confirming who handles terminal faults and replacement, given that K-Net is the named service agent.

Who it suits The offer targets businesses in Kuwait that want to accept cards in physical locations through a local bank and the national K-Net infrastructure. Merchants comparing Kuwaiti acquirers can use the published agreement as a starting point for contract terms, then request commercial conditions in writing before signing.