Flexible Electronics News

KNET, Gemalto to Strengthen Online Transaction Security in Kuwait

Securing more than 25 million transactions per year, with double-digit annual growth rate.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Gemalto has been selected by KNET, Kuwait’s national shared electronic banking service company, and jointly owned by 11 Kuwait’s banking institutions, to supply its confirm authentication server.   Gemalto’s solution generates one-time-passwords for online authentication, enabling millions of safe eTransactions in the country via the KNET e-payment gateway and delivering a step change in fraud protection.   In 2016 alone, KNET processed more than 25 million online transactions, worth approxi...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters