QNB Group, the largest financial institution in the Middle East and Africa, has launched ‘Fawran’, a new payment method that will provide customers with a unique payment experience through 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.
Adel Ali Al-Malki Senior Executive VP Group Retail Banking QNB Group
“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,” Al Malki further added.
According to the statement, 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 award-winning Mobile Banking and Internet Banking by simply using a Qatar Mobile Number or by choosing a unique Alias Name.
Recently, QNB received Euromoney‘s award for ‘Best Private Bank for 2024’ in Qatar. The prestigious award represents the highest distinction to the banks that demonstrate exceptional business performance in the private banking industry.
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