The Kuwaiti Ministry of Finance signed today, Monday, an electronic payment services contract with the Shared Electronic Banking Services Company (K-Net) for a period of three years with the aim of creating a safe financial environment for collecting government service fees electronically.
Undersecretary of the Ministry Aseel Al-Munifi told Kuwait News Agency (KUNA) that the role of the Ministry of Finance is to create a financial legislative mechanism for the process of collecting government fees in a safe manner and in accordance with accounting rules, indicating that this comes by virtue of the ministry's jurisdiction to prepare instructions and rules that regulate the recording of financial operations and the collection of revenues.
Al-Munifi added that the Ministry of Finance provides electronic payment services to all government agencies through this contract with the company (K-Net), as these agencies link their services that are automated and converted to electronic services to facilitate citizens and reviewers in addition to the ease of collecting revenues in a safe manner and delivering them to the public treasury at the same time.
She explained that this contract transfers services to electronic services that speed up the collection process and complete the service easily, noting that in the past the services were cash and then turned into paper stamps after that they became through electronic portals and points of sale via credit cards and electronic stamps via the (E-Stamp) application.
She pointed out the digitization of services and facilitation for citizens according to the directives of the Council of Ministers through payment through secure links that meet all cybersecurity standards according to the general rules of the Cybersecurity Center in Kuwait.
She stated that KNet provides, within the contract, modern devices and all the requirements that government agencies need to complete this service, indicating that the company provides training services for employees on how to collect electronically and solve problems that may arise in government agencies.
Al-Munifi said that the Ministry of Finance has a team called the Electronic Payment Team that was formed years ago, consisting of accountants and IT specialists, whose affairs are concerned with holding permanent sessions with KNet and determining the sound financial and legal frameworks for converting services from paper to electronic.
For his part, KNet CEO Essam Al-Khashnam told KUNA that this contract is concerned with electronic stamp systems and the method of the government collecting fees for the services it provides to reviewers in general, whether citizens or expatriates in the State of Kuwait.
Al-Khashnam added that the aim of this contract is to facilitate the payment process to become more streamlined, easy and simple through a specialized system, indicating that these services will be safe and reliable.
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