The Banking Executive Issue - October 2025 Issue

Onchain Finance In Arab Countries GROWTH OF ONCHAIN FINANCE IN KUWAIT Onchain finance in Kuwait is gaining traction as the country accelerates its digital transformation agenda, blend- ing traditional banking with emerg- ing blockchain technologies. Driven by government initiatives and a growing fintech ecosystem, Kuwait is witnessing increased adoption of blockchain for secure, transparent, and efficient financial services. The Kuwait FinTech Blockchain market is projected to grow significantly be- tween 2025 and 2031, supported by application providers, infrastructure developers, and middleware firms across banking, insurance, and non- banking financial. Key trends include the rise of digital payments, Artificial Intelligence AI-enhanced customer experiences, and blockchain-based compliance tools. This momentum positions Kuwait as an emerging player in the Gulf’s onchain finance landscape. the BANKING EXECUTIVE 82 ISSUE 202 OCTOBER 2025 These providers are contributing to Kuwait’s gradual shift toward blockchain-powered financial services, especially in payments, asset management, and digital finance. KUWAIT ONCHAIN FINANCE ECOSYSTEM ( FINTECH STARTUPS, PAYMENT PLATFORMS, INVESTMENT FIRMS) Provider Gulf Investment Corporation (GIC) UPayments Tap Payments KFIC Finance Qatar FinTech Hub (Investor) Regional investment firm exploring blockchain for asset management and finance Fintech startup offering simple, scalable payment solutions MENA-wide payment gateway simplifying transactions for businesses and individuals Financial services firm with expertise in retail, commercial finance, and asset management Supports regional fintechs including Kuwaiti startups Active in digital transformation and regional fintech collaborations Raised funding from Qatar FinTech Hub Accelerator; supports digital commerce Offers blockchain-ready infrastructure for secure digital payments Provides customized financial solutions with potential for blockchain integration Invested in UPayments and other blockchain-enabled platforms Role in Onchain Finance Notable Initiatives