The Qatar Central Bank has launched FAWRAN, the instant payment service for corporate bodies in the kingdom.
This new development is in tandem with QCB’s efforts to continually improve the service and expand it into various parts of the country.
Announcing the launch on its LinkedIn page, QCB said, “It announces the launch of “FAWRAN” service for corporates to enable them to do the following:
• Register in the “FAWRAN” service using corporate identifiers (Establishment ID. Commercial Registration and Commercial License).
• Send/receive fund transfers instantly using their registered identifiers.”
The participating banks include Qatar International Islamic Bank, Commercial Bank, Masraf Al Rayan, Doha Bank, Dukhan Bank, and Ahli Bank.
