QCB launched ‘Fawran’ service for corporates to improve the instant payment service

As part of its ongoing efforts to enhance the rapid payment service "Fawran" and increase the number of retail payment choices available in the nation, the Qatar Central Bank (QCB) announced the debut of the "Fawran" service for corporates.

Corporates can use their corporate identifiers—Establishment ID, Commercial Registration, and Commercial License—to register for the "Fawran" service. Additionally, they will be able to use their registered identities to send and receive money payments instantaneously.

The participating banks are Qatar International Islamic Bank, Commercial Bank, Masraf Al Rayan, Doha Bank, Dukhan Bank, and Ahli Bank.