Payments and e-commerce in Kuwait

Discover how Kuwaitis like to shop and pay online

Kuwait is a country of 4.3 million inhabitants and 4 million Internet users [1]. Over 80% of its adult population has a bank account and 99% has an Internet connection. The most popular e-commerce categories in Kuwait are clothing, health products, smartphones and accessories, and home electronics [2]. 

Despite having high levels of financial inclusion, Kuwaitis still have a strong preference for cash. Consumers pay cash on delivery for up to 60% of online purchases [3]. But the digital payment sector is growing [4]. Whether digital or cash-based, locally preferred alternative payment methods are key part of any e-commerce strategy for Kuwait.

  1. https://www.trade.gov/country-commercial-guides/kuwait-ecommerce
  2. https://www.eworldtrade.com/blog/top-selling-products-in-kuwait-online
  3. https://home.kpmg/kw/en/home/campaigns/2020/03/trends-in-ecommerce-in-kuwait.html
  4. https://www.statista.com/outlook/dmo/fintech/kuwait

Kuwait

General Information

  • Population 4.3 m
  • Population 15 + 3.4 m
  • Online Population 4.3 m
  • Area 17,818 km2
  • Currency KWD
  • GDP 132.3 bn $US
  • GDP per Capita 30,557 $US
Banked population
  • Kuwait 82%
  • Middle East & Africa 46%
  • World 67%
Credit card penetration
  • Kuwait 23%
  • Middle East & Africa 8%
  • World 19%
Internet penetration
  • Kuwait 99%
  • Middle East & Africa 47%
  • World 62%
Smartphone penetration
  • Kuwait 84%
  • Middle East & Africa 43%
  • World 70%

The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.

Kuwait

Local Payment Methods

BitPay Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysafecard Type Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Paysera Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Skrill Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Allied Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay SecurePay Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Boku Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High DaoPay Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Google Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mobiamo Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Razer Gold Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SWIFT Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High CASHU Type Wallet Regions Middle East & Africa Market relevance Medium OneCard Type Wallet Regions Asia Pacific, Middle East & Africa Market relevance Medium Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Boloro Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 G2A Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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