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Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

WAMD onboards 30% of Kuwait’s banked population in first 3 months; real-time transactions powered by KNET and ACI Worldwide up more than 12x since 2024

16 July, 2025—ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, and the Shared Electronic Banking Services Company “KNET”, the provider of electronic payment services in Kuwait, today announced that WAMD, Kuwait’s real-time payment system, recorded significant growth in the number of transactions executed since its launch in June of 2024, making WAMD one of the world’s most rapidly adopted real-time payment initiatives.

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