With Gulf payment system (AFAQ), your transfer to Bahrain is now faster, and the system is coming soon to all Gulf states
AFAQ payment system offers a common regional platform that connects Real Time Gross Settlement (RTGS) systems of each GCC member state, whereby instant processing of financial transfers between the GCC states are executed by end of day, including gross settlements.
AFAQ Advantages
• Low service fees
• Instant transfers and deposits
• Management and boosting of lliquidity and financial positions
• Using standardized operating systems with best practices
AFAQ subscribers
• Central banks in the GCC member states
• Financial institutions in the GCC member states
• Branches of financial institutions affiliated with Gulf or foreign companies