Central Banking

Kuwait reports use of bank notes decreasing

ARTICLE - Over the past few years the demand for charge cards provided by Kuwaiti banks has increased, and has coincided with an enhancement of knowledge surrounding " plastic money", in an attempt to convert Kuwait into a society that depends largely on cards instead of cash, reports Kuwaiti News.

Cards available at Kuwaiti banks can be divided into two groups. The first are regular debit cards which are also known as Automated Telebanking Machine (ATM) cards and are linked to the personal ac