Weyay is the first digital bank of Kuwait
The National Bank of Kuwait unveiled Weyay Bank, the very first digital bank in the country. The full launch is coming in the next months.
NBK completed a digital transformation program and is now ready to launch a 100% digital product, born to answer the needs of a very young population.
Around 66% of Kuwait’s inhabitants are under 34 years old. And most of them have a smartphone connected to the internet. NBK’s move follows a growing interest of non-banking player for financial services in emerging markets, especially in MENA.
What does Weyay offer
The offer of Weyay includes products and services aimed at young people needs. Like tracking and organizing their expenses and savings. Weyay will also allow customers to invest their money.
The range of services will include money transfers, whereas facial recognition and biometrics will support security.