Qatar Islamic Bank (QIB) has launched a Request to Pay feature on its Fawran instant payment service, available through the QIB Mobile App.
The move is part of the bank’s efforts to further streamline the payment process and increase customer convenience. The Fawran Request to Pay service enables customers to request a payment from a registered Fawran user instantly through the app. By 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, the bank said.
In alignment with Qatar’s Third Financial Sector Strategy, the Request to Pay feature enhances the payment and transfer processes by integrating advanced security protocols and improving accessibility.
“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 for inputting traditional beneficiary details making the process fast and easy.
The service allows customers to transfer up to QAR 50,000 per transaction and offers customers the options to manage the linkage of Alias names to their desired accounts. Additioanly, they can track their transactions through its payment history.
“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,” Mr. D. Anand, QIB’s General Manager – Personal Banking Group, said.
