QNB Group, the leading financial institution in the Middle East and Africa, has announced the launch of “FAWRAN,” a revolutionary payment method designed to enhance the payment experience for its customers in Qatar.
This innovative service allows for quick and secure transactions using just the Beneficiary’s Mobile Number or a chosen Alias, positioning it as a standout addition to QNB’s digital payment offerings, according to the announcement.
FAWRAN operates on the real-time payment system provided by the Qatar Central Bank, marking a significant innovation in Qatar’s digital payments landscape.
Customers interested in utilizing this service can easily register through QNB’s acclaimed Mobile Banking and Internet Banking platforms, using a Qatar Mobile Number or selecting a unique Alias Name.
Adel Ali Al-Malki, Senior Executive Vice President of QNB Group Retail Banking, expressed enthusiasm for the launch, stating:
We are delighted to introduce the new FAWRAN service that supports QNB customers to make fast and secure payments simply. At QNB, our aim is always to deliver new and innovative payment solutions that enhance customer experience. FAWRAN represents a major step forward in our award-winning digital banking services, bringing transformative technology to our customers and offering limitless possibilities in fund management and transfer.
The introduction of FAWRAN adds to QNB’s impressive list of achievements in the digital banking sphere. The bank was recently honored with the “Best Mobile App” award at the Qatar Digital Business Awards 2023.
Further accolades include “Best Digital Bank in the Middle East” and “Best Digital Bank in Qatar” by The Digital Banker, “Best Bank for Digital Solutions in Qatar” by Euromoney Magazine, and multiple awards at MEED’s MENA Banking Excellence Awards, including “Best Mobile Banking App,” “Best Payment Innovation,” and “Excellence in Product Marketing.”
These awards underscore QNB’s commitment to excellence and innovation in banking solutions, both regionally and globally.
With its subsidiaries and associate companies, QNB Group has a presence in 28 countries across three continents, offering a wide range of advanced banking products and services.
The Group employs over 30,000 individuals, operates around 900 locations, and maintains an extensive ATM network of more than 4,800 machines, further cementing its position as the most valuable bank brand in the Middle East and Africa.
