Qatar Central Bank launched "Request to Pay" service on Fawran platform on 30 July 2024 for participating banks.
Qatar Central Bank (QCB) launched the "Request to Pay" service through its Fawran platform on 30 July 2024, in line with the Third Financial Sector Strategic Plan. The feature allows payees to send payment requests to payers, who can accept or reject the request, and if accepted, the funds will be transferred instantly. The participating banks for this service include Doha Bank, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, and Qatar International Islamic Bank.
July 30, 2024
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