Further to SAMA's instructions issued by Circular No. 7039/41 dated 20/10/1439 H, and Circular No. 371000100598 dated 14/9/1437 H regarding GCC POS Pricing Policy and its associated fees, and in continuation of ongoing work between monetary institutions and central banks in the Gulf Cooperation Council (GCC) countries aimed at integrating payment systems among the GCC states, and referring to what was agreed upon in the periodic meetings of the governors of monetary institutions and central banks in the council to link the POS networks of the GCC countries with the Gulf Payments Network, as this is a vital aspect of integrating payment systems among GCC countries, enhancing and supporting cooperation among the GCC countries.

I would like to inform you that it has been decided to activate the Point of Sale (POS) service for the Gulf Payments Network in the State of Kuwait to accept POS transactions starting from 01/01/2020, and 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 to complete purchase transactions via POS between the Kingdom and the State of Kuwait.

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 Kuwait will be processed through the payment network of (K-Net), 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 action accordingly from the activation date mentioned above.