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QNB introduces FAWRAN for instant payments within Qatar

By Delisha Fernandes

April 01, 2024

  • ATM Network
  • Digital Payments
  • fintech MENA
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QNB, Asia, Hong Kong, financial hub, China, Middle East,QNB Group, a financial institution in the Middle East and Africa, has launched “FAWRAN”, a new payment method that will provide customers a unique payment experience through an innovative technology.

This new technology helps to make quick and secure payments to anyone in Qatar by using the Beneficiary’s Mobile Number or Alias.

This comes as a new addition to QNB’s growing extensive digital payment product services. FAWRAN service is supported by the real-time payment system of Qatar Central Bank, which is the latest and most innovative entrant to Qatar’s digital payments landscape. Customers can simply register to the service through QNB’s Mobile Banking and Internet Banking by simply using a Qatar Mobile Number or by choosing a unique Alias Name.

Adel Ali Al-Malki, Senior Executive Vice President, QNB Group Retail Banking, said, “We are delighted to introduce the new FAWRAN service that supports QNB customers to make fast and secure payments in a simple way.   At QNB, we strive towards introducing new and innovative payment solutions to provide the best customer experience. FAWRAN is a new addition to our award winning digital banking suite of services. FAWRAN marks a pivotal moment in the financial industry in Qatar, offering limitless possibilities for customers. We are excited to bring this transformative technology to the forefront and look forward to witnessing its far-reaching impact on the way we manage and transfer funds.”

Adding to its array of achievements, QNB has recently received the “Best Mobile App” award at the Qatar Digital Business Awards 2023.

QNB Group currently ranks as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group extends to 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 30,000 operating from approximately 900 locations, with an ATM network of over 4,800 machines.

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