Doha Bank joins AFAQ to enable instant GCC currency transfers

Doha Bank has become the first commercial bank in Qatar to join the GCC Payments System (AFAQ), expanding its digital payment capabilities and enabling instant currency transfers across GCC countries. Through the Doha Bank Mobile Banking app, customers can securely conduct cross-border transactions within local currencies. This strategic move aligns with Doha Bank's commitment to innovation and digital banking, reflecting the bank's dedication to meeting the evolving needs of its diverse customer base.

AFAQ, operated by the Gulf Payments Company, connects the payment systems of GCC member states, facilitating efficient and secure financial transactions in a unified regional infrastructure. The development highlights the growing emphasis on digital payment technologies and interoperability among national payment systems in the GCC region, which is expected to enhance trade, investment, and economic activity.