Qatar Central Bank (QCB) on Thursday announced that it has officially launched its instant payment service ‘FAWRAN’, which is one of the innovative and advanced services, in line with the third strategy for the financial sector, and in continuation of QCB’s efforts to develop the infrastructure of payment systems and keep pace with the latest developments in payment systems and electronic transfer of funds.
The instant payment service ‘FAWRAN’ is one of the leading services in payment and digital transfer in Qatar, which reflects QCB’s keenness to provide the best services to customers of banks and financial institutions in the country, and meets their growing needs in line with the increasing demand for financial technology services. (QNA) page 6
