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QIB adds Request to Pay to Fawran instant payment service

By Gloria Methri

July 23, 2024

  • Electronic Payment Solutions
  • Fawran
  • FinTech
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Qatar Islamic BankQIB, Qatar Islamic Bank, Islamic Financing, Islamic Banking, Request to Pay, Fawran, Instant Bank Payments, Shariah Compliance, Fintech Nepal, Fintech Qatar, Doha, Direct Remit Services, Instant money Transfers, has launched the Request to Pay feature on its Fawran instant payment service, available through the QIB Mobile App. This innovative feature further streamlines the payment process and increases customer convenience.

The Fawran Request to Pay service enables customers to request a payment from a registered Fawran user instantly through the QIB Mobile App. By simply entering the payer’s alias and the amount needed, the request is sent via Fawran to the payer in any bank in Qatar.

Once the payer approves, the transfer is executed instantly, ensuring a smooth and efficient transaction.

FAWRAN,” which means ‘instantly’ in Arabic, streamlines the payment and transfer process for new and existing customers. It uses alternative identifiers for account details, empowering customers to instantly send and receive funds without the need to input traditional beneficiary details. By facilitating instant transfers, “FAWRAN” offers a rapid and secure electronic payment solution, accessible 24/7.

The “FAWRAN” system ensures security, safety, and speed throughout the local transfer process, crediting the beneficiary’s account within seconds. The service allows customers to transfer up to QAR 50,000 per transaction. “FAWRAN” also offers customers the option to manage the linkage of Alias names to their desired accounts and track their transactions through their payment history.

Commenting on the launch of the new feature, D. Anand, QIB’s General Manager – Personal Banking Group, said, “We are pleased to launch the Request to Pay feature, yet another useful feature in our continuous quest to enhance customer convenience. This new addition empowers our customers, affirming our commitment to delivering innovative solutions that meet their evolving financial needs and offer them speed, convenience and more control and flexibility.”

Available on the App Store, Google Play, and Huawei AppGallery, customers can download the QIB Mobile App and easily self-register using their active ATM/Debit Card number and PIN. The app offers customers the ability to have complete control of their accounts, cards, and transactions and to fulfil all their banking requirements remotely. In addition, QIB customers can open a new account, instantly get personal financing or Credit Card, and open additional accounts via the mobile app.

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