Bahrain has joined a real-time Gulf payments system that offers secure and faster cross-border funds transfers, reports GDNOnline.
The Central Bank of Bahrain said yesterday that it has joined the real-time Gulf Payments System, which is managed by the Gulf Payments Company.
It is a closed joint stock company owned and financed by the GCC states.
The CBB’s move follows the success of a pilot project started with five banks – Ahli United Bank, Bahrain Islamic Bank, National Bank of Bahrain, Bank of Bahrain and Kuwait and Eskan Bank.
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