Middle East2023 (phased rollout)

Afaq

Afaq (GCC RTGS Payment System)

🏳️ Saudi Arabia, Kuwait, Bahrain, expanding to UAE, Oman, QatarSAR, KWD, BHD, and expanding to all 6 GCC currencies

IssuerGCC Central Banks

Payment Types

Cross-border RTGS transfersIntra-GCC payments in local currencies

Key Features

Statistics

noteRegional payment system connecting domestic RTGS systems of 6 GCC countries

live countriesSaudi Arabia, Kuwait, Bahrain

Profile

NetworkAfaq

Full NameAfaq (GCC RTGS Payment System)

Country🏳️ Saudi Arabia, Kuwait, Bahrain, expanding to UAE, Oman, Qatar

CurrencySAR, KWD, BHD, and expanding to all 6 GCC currencies

RegionMiddle East

Launched2023 (phased rollout)

IssuerGCC Central Banks