Further to the instructions issued by SAMA under circular No. (41/46206) dated 20/10/1439H, and Circular No. (371000100598) dated 14/09/1437H, regarding the GCC POS Pricing Policy (GCC-NET) and its specific tariff, and in continuation of the ongoing efforts between banks and central banks in the Gulf Cooperation Council (GCC) countries aimed at integrating payment systems among the council countries, and referring to what was agreed upon in the periodic meetings of the governors of banks and central banks in the council countries to link the point-of-sale networks of the council countries with the GCC payment network. As this is an important aspect in the integration of payment systems among the council countries, it enhances and supports the joint cooperation between the GCC countries.

I inform you that it has been decided to activate the Point of Sale (POS) service for the Gulf Payments Network in the State of Qatar to accept POS transactions starting from 01/08/2022. Accordingly, banks are required to adhere to the following:

First: Take the necessary technical and operational measures to accept and process transactions on their systems and on their point-of-sale (POS) devices in order to complete purchase transactions via POS between the Kingdom and the State of Qatar.

Second: Take the necessary commercial measures with their customers holding Gulf Network cards and merchants accepting Gulf Network cards to ensure that transactions are processed in accordance with the approved pricing.

Third: Notify and educate customers holding Gulf Network cards that purchase transactions in the State of Qatar will be processed through the payment network of the National NAPS Network, which is connected to the Gulf Network.

Fourth: Process and accept all Gulf network transactions using cards bearing the Gulf Network logo, and also accept Gulf network cards on their point-of-sale devices.

For your information and to act accordingly starting from the activation date mentioned above.