Burgan Bank launches digital payment solution SoftPOS

20/04/2025 04:54 AST

Burgan Bank has announced the launch of its new digital payment solution, SoftPOS by KNET, designed to cater to business owners and entrepreneurs. The service enables merchants to accept payments directly through an innovative smartphone application, without the need for traditional POS hardware.

On this occasion, Abdullah Hussain Al-Maqseed, Executive Manager - Merchant Acquiring stated: "The launch of SoftPOS reflects Burgan Bank's continued commitment to introducing innovative digital payment solutions that meet the evolving needs of the local market and support Kuwait's transition toward a cashless society, in line with the Kuwait Vision 2035."

Al-Maqseed explained that this new solution allows merchants and Business owners to accept payments using only their Android smart devices through the 'tap-to-pay' feature, which eliminates the need for physical POS terminals. This makes it ideal for mobile businesses and small-scale merchants such as delivery services, kiosks, salons, tailors, Taxies and pop-up vendors.

The SoftPOS by KNET is considered a cost-effective alternative to traditional POS terminals, helping businesses reduce operational expenses while offering a faster, more streamlined customer experience. The solution also ensures a high level of security through end-to-end encryption and is fully compliant with global payment standards.

This solution can be activated on multiple smart devices for the same merchant, providing enhanced flexibility in managing sales operations across different locations or mobile setups. He reaffirmed the bank's commitment to delivering cutting-edge digital banking solutions that support business growth and adapt to the fast-paced nature of today's economy. Abdullah concluded his statement by inviting business owners to take advantage of this innovative solution, reaffirming that Burgan Bank will continue investing in financial technology to enrich the customer experience and empower Kuwait's commercial sector across all segments.

Kuwait Times