Kuwait Banks Launch WAMD Payment Service – What is it?   Kuwait City: In an exciting move to simplify local money transfers, Kuwait Banks Launch WAMD Payment Service – What is it? banks across Kuwait have launched a new payment service called WAMD. This service allows users to send and receive money quickly through Knet, using just a phone number. The name “WAMD” comes from the Arabic word for “Flash,” which perfectly captures the speed and convenience of this new feature. Previously, if you wanted to send money to a friend, you'd have to either add them as a beneficiary or generate a payment link.   With #WAMD, those steps are no longer necessary. Instead, you can now simply open your mobile banking app, choose to send or request money via WAMD, enter the amount and the recipient's phone number, and hit send. WAMD takes care of the rest – sending a payment link and notifying both you and the recipient via SMS with updates on the transaction status. …