March 14, 2022
The Central Bank of Kuwait (CBK) joined the GCC cross-border payment system (AFAQ)
March 13, 2022
The Central Bank of Kuwait (CBK) joined the GCC cross-border payment system (AFAQ) that connects Real Time Gross Settlement Systems (RTGSS) of GCC member states. The first phase of which had been launched by Gulf Payments Company (GPC) and aims to develop cross-border payments, enhance efficiency, provide cost-effective rates and reduce the reliance on external financial systems and networks.
Full text: https://www.cbk.gov.kw/en/cbk-news/announcements-and-press-releases/press-releases/2022/03/202203131300-cbk-joins-gcc-payments-system-afaq
