Gulf Payments Company (GPC) launches “AFAQ”

Gulf Payments Company (GPC) has successfully launched the first phase of “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 Thursday, December 10, 2020. The central banks of the remaining Gulf states will be onboarded to AFAQ soon according to the agreed schedule.