Weyay Bank, the first digital bank in Kuwait, has rolled out the ‘AFAQ’ service for instant bank transfers between GCC countries at cost-efficient rates.
AFAQ, a regional payment system provided by the Gulf Payments Company, seeks to facilitate instant financial transfers in the local currencies of the Gulf countries at low rates, while maintaining a high level of privacy and information security.
Customers can seamlessly transfer to any of the Gulf banks that are ‘AFAQ’ participants without having to worry about currency fluctuations and delayed transfers. The launch of this service in the Weyay app highlights its commitment to offering pioneering banking solutions catering to the needs of customers, especially in the Gulf region.
Amal Al-Duwaisan Head – Weyay Bank
“We always strive to provide banking solutions in the field of digital innovation in line with our customers’ needs, which in turn emphasizes on Weyay’s position as the first digital bank in Kuwait. We are proud to be a participant of the “AFAQ” system, which contributes to enhancing economic cooperation and the monetary integration strategy between the GCC countries as well as to providing an instant transfer service to our customers at competitive prices while ensuring the highest standards of security.”
“AFAQ” is set to revolutionize digital payments. With the launch of ‘AFAQ’ service, Weyay Bank not only does meet the evolving needs of its customers, but it also shapes the future of cross-border payments within the GCC.
The new launch emphasizes the bank’s ongoing efforts to offering banking solutions that keep pace with the evolution of the digital age and contributes to facilitating the lives of its customers by providing fast and efficient services.
