Skip to main content

POS Payment Service of GCC Net

No: 43103118 Date(g): 19/7/2022 | Date(h): 20/12/1443 Status: In-Force

Translated Document

Effective from Aug 01 2022 - Jul 31 2022
To view other versions open the versions tab on the right

Further to the instructions issued by SAMA under circular number (41/46206) dated 20/10/1439 H, and Circular No. (371000100598) dated 14/09/1437 H, 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 its systems and on its 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 its customers who hold GCCNet cards and merchants engaged in accepting GCCNet cards to ensure processing operations in accordance with the approved pricing.

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

Fourth: Processing and accepting all transactions of the Gulf network using its cards that carry the Gulf network logo, as well as accepting Gulf network cards on its point-of-sale devices.

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