Payment Gateway service is one of E-Commerce milestones in general and in State of Kuwait in particular. Knet introduced this solution in the year 2004 as a new payment method through payment gateway. The Payment Gateway allows (Private and Public) institutions to collect funds for their products and services over the Internet.
Knet Payment Gateway accepts all debit cards issued by its member banks in the State of Kuwait in a bid to serve the customers and merchants of those banks. The payment service is provided through internet for all government and private entities.
A payment gateway is an application that makes the online payment process very simple and easy. It is actually a medium that connects a merchant's mobile application or website with the bank. When you make payments through a payment gateway, the merchant's website sends your debit/credit card details to the gateway for confirmation. The payment gateway then verifies the details from the bank and the amount gets transferred from your bank account to the merchant's bank account.
