On March 2, KPMG in Kuwait highlighted the implementation of Decree-Law No. (10) of 2026, which reinforces compliance standards in the e-commerce sector with specific provisions for digital payments. The firm stated in an Instagram reel that the measure reflects a broader evolution in which payments have moved beyond basic infrastructure to become a strategic capability for businesses operating in the country. This step aligns with global industry shifts documented in KPMG’s own research on payment systems.
The KPMG Partnering for Payment Modernization report released in February 2026 shows that leading banks and retailers are actively modernizing their payment platforms to address rapid digital and artificial intelligence-driven changes. According to the report, which draws on insights from KPMG’s global network of banking and retail professionals, effective modernization hinges on collaborative partnerships rather than isolated technology upgrades. The 40-page document provides payment decision-makers with data and recommendations for navigating ongoing disruption in the sector.
KPMG’s assessment found that banks are transforming core payment systems through the adoption of standards such as ISO 20022 while integrating artificial intelligence tools for fraud detection and advanced analytics. Retailers are focusing on seamless transaction experiences that meet rising customer expectations for speed and security across channels. The report positions these partnerships as essential for unlocking future payment capabilities in an increasingly competitive landscape.
In Kuwait, the new decree law establishes clearer regulatory expectations for e-commerce operators and payment service providers as digital transaction volumes continue to expand. KPMG in Kuwait presented the development as evidence that payment infrastructure now requires strategic oversight at the executive level to ensure compliance and operational resilience. The firm’s reel emphasized that such measures support sustainable growth in the sector without disrupting existing business models.
The Partnering for Payment Modernization report methodology incorporated perspectives from industry executives across multiple markets, resulting in findings that stress agility and cross-sector collaboration. Organizations surveyed for the study indicated that customer demands for integrated payment solutions have accelerated following recent technological advances. KPMG made the full report and executive summary available on its website to assist stakeholders in benchmarking their own modernization initiatives.
Kuwait’s regulatory update forms part of regional efforts to align e-commerce frameworks with international best practices in digital finance. The KPMG analysis noted that banks and retailers who prioritize partnership models are better positioned to adapt to emerging technologies including real-time processing and data-driven personalization. Industry data cited in the report underscores the competitive advantages gained through coordinated modernization programs.
