GPC launches ‘AFAQ’ for secure cross-border transactions across GCC

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Fri, 2021-01-01 04:30

Gulf Payments Company (GPC) has successfully launched the first phase of the “AFAQ” payment system. The first financial transactions were exchanged through AFAQ between the Central Bank of Bahrain (CBB) and the Saudi Central Bank (SAMA) on Dec. 10. The central banks of the remaining Gulf states will be onboarded to AFAQ soon according to the agreed schedule.

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