In 2021 the National Bank of Kuwait launched a Digital Bank called Weyay. This foray into the digital world was aimed mainly at the country's youth. The Bank was targeting those below 35 more or less to give them a seamless banking experience. 

The NBK digital bank was tailored to meet the needs of young people who use online services for most of their needs. The entire process is online, and there is no need to visit the bank. 

Online Transactions For Convenience.

The bank ensures no paperwork banking. From opening an account to transacting every day, there is no paper or visits to branches. Go online, and the NBK Digital Bank has everything that you need. Need to buy a product online? No problem, NBK Digital Bank provides you with the gateway that you need. Just select your product and pay online.

Discounts And Benefits. 

The NBK Digital Bank has begun offering discounts for various products and services. But the discount system is different. It is what is called an instant discount. If the Bank indicates a certain discount, say 15% for a certain product, then that discount is provided immediately. That means the payment you make online is the price less the discount. The discount is enjoyed in real-time. And there is no paperwork involved. The other advantage of the NBK Digital Bank is that the account holder has to go anywhere to transact at no point in time. This is a time-saving feature, as it allows people to concentrate on their lives.

No Paperwork Banking.

The fact that there is no paperwork involved has several advantages. The first advantage is that there are no papers to file and keep. Bank records are available online and can be printed out in case of need. The absence of paper is also ecologically beneficial and is good for the environment. Importantly it saves space. Space in the home or office. Reams of paper need a space to occupy. They are also susceptible to moisture, water, or even fire damage. But a no paperwork banking system removes these problems. The target customers, mainly the youth, should find this extremely helpful. There is also the danger of bank documents falling into the wrong hands. This could lead to all sorts of fraud. Securing bank documents is always an issue, and now with the growing speed of life, always a problem. A paperless banking system does away with all these issues completely.

Security 

The NBK Digital Bank has the best security system that money can buy to safeguard its customers. Therefore your money is safe. Following a few simple rules is enough to keep your account secure. The other advantage is that visits to the bank are not required, and if the nearest branch is far away, it really does not matter. Everything can be done online. That starts from the opening of the account. The whole idea behind this is to provide seamless banking to the youth of the country. Providing paperless banking is attractive to everyone. It saves travel time and transportation costs. While this may not strike anyone as that important, using this form of banking will certainly reveal that it is superior to traditional banking. Add to that the ability to get all data at your fingertips without having to flip through files and papers to find what you need. It does away with the arduous task of paperwork. Any data relating to the account is available instantly, in the comfort of your home or office.