Commercial Bank of Qatar, a leader in innovative digital banking solutions, has introduced ‘Fawran’ on its Corporate Internet Banking (CIB) portal.
Fawran, designed as an instant local payment solution to transform the banking experience of customers, falls in line with the Qatar Central Bank’s (QCB) third financial sector strategy, which seeks to enhance the payment system infrastructure of the nation.
This provides several features such as instant payments, round-the-clock accessibility for transactions, and a simplified beneficiary setup for efficient processing.
Joseph Abraham Group CEO – Commercial Bank
“The launch of ‘Fawran’ reflects the Bank’s commitment to supporting every initiative placed by Qatar Central Bank. This feature is a crucial part of the QCB national long-term strategic vision to deliver faster, more accessible, and customer-centric banking solutions.”
Fahad Badar, EGM and Chief Wholesale and International Banking Officer at Commercial Bank, commented that, “Our goal has always been centered around enhancing the banking experience by supporting innovative solutions that align with our customers’ financial aspirations. By supporting Qatar Central Bank’s ‘Fawran’ initiative, we are committed to ensuring that our customers have access to services that are not only efficient but also seamlessly integrated with their financial journey.”
Commercial Bank is dedicated to implementing tech-driven solutions. The introduction of Fawran highlights the bank’s forward-thinking approach, setting new benchmarks in the industry that meet the emerging needs of customers.
The Bank’s integration of the Fawran initiative into its Corporate Internet Banking Portal is set to revolutionize banking experience for businesses in Qatar. This move also strengthens the bank’s commitment to innovation and customer-focused service.
