Kuwait sets KD10 cash limit across 6 service sectors, mandates digital payments above cap

Kuwait has introduced new rules limiting the use of cash in several service industries, with payments above 10 Kuwaiti dinars now required to be made through electronic or banking channels. The decision was issued by the Ministry of Commerce and Industry under Minister Osama Boodai, as part of efforts to improve financial transparency and regulate payment practices across the country. The restriction applies to a range of businesses, including health institutes, men’s and women’s salons, children’s salons, sports clubs, as well as companies involved in pest and rodent control. It also covers activities linked to the import, export, and storage of public health pesticides. Under the new regulation, any transaction exceeding 10 dinars must be processed through approved banking systems or electronic payment methods recognised by the Central Bank of Kuwait. Cash payments will only be permitted for amounts below this threshold. Authorities said the move is aimed at strengthening oversight of financial transactions, reducing reliance on cash, and encouraging the wider adoption of secure digital payment systems within regulated sectors. The decision forms part of broader efforts to align business practices with financial regulations and improve accountability in day-to-day commercial transactions.