The Gulf payments Company was founded in accordance to the GCC Supreme Council resolution in its thirty-seventh session, December 2016 in the Kingdom of Bahrain, to build and develop a system that connects all payment systems in the GCC countries by establishing an independent company owned and funded by monetary agencies and central banks in the GCC. The establishment of Gulf Payments Company comes in line with the GCC charter that entails establishing effective coordination, cooperation, and integration between GCC member states in all fields, in pursuit of achieving advanced stages of economic and financial integration among the GCC member states through establishing similar systems in different fields including the financial payment system.