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Bahrainis to use real-time payment
- Bahrain: Tuesday, August 14 - 2007 at 06:59
The Central Bank of Bahrain (CBB) launched a new national payment system, which effects in real-time, electronic funds transfers between Bahrain's retail banks, including customer payments, said news reports. The Real Time Gross Settlement (RTGS) is a large-value inter-bank fund transfer system which banks use to settle inter-bank transfers for their own account as well as for their customers.
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Medilyn Manibo, Assistant News EditorTuesday, August 14 - 2007 at 06:59 UAE local time (GMT+4)
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