In accordance with the Third Financial Sector Strategic Plan, the Qatar Central Bank (QCB) declared on Tuesday, July 30, 2024, the introduction of the "Request to Pay" option via the "Fawran" service. Its attempts to enhance the nation's instant payment system are ongoing with this endeavor.
Customers can now make a payment request from the payee to the payer, according to a post made by Qatar Central Bank on social networking site X. After that, the request will be sent to the payer, who can choose to approve or reject it and see the payee's name and the required transfer amount. If accepted, the needed sum will be immediately deposited into the payee's account.
The QCB went on to say that Doha Bank, Qatar Islamic Bank, Commercial Bank, Masraf Al Rayan, and Qatar International Islamic Bank are currently on the list of banks that are offering this service.
