Ahlibank has proudly unveiled “Fawran,” an instant payment service accessible through the bank’s Online Banking and Mobile Banking platforms. This innovative service, part of Qatar’s leading initiatives in digital payment and transfer operations in Qatari Riyals, aims to elevate the banking experience by providing unparalleled convenience and accessibility to customers. Developed by Qatar Central Bank, Fawran reflects a significant advancement in Qatar’s digital payment systems infrastructure, aligning seamlessly with the Third Financial Sector Strategy and heralding a new era in banking characterized by flexibility and ease of access to banking services.

Commenting on the launch of Fawran, Mr. Mohamed Al Namla, Ahlibank’s Deputy CEO – Business Support, Services & Human Resources, expressed, “Fawran Instant Payment Service represents a significant milestone in our ongoing commitment to providing innovative financial solutions that cater to the evolving needs of our customers. As we embrace this transformative initiative, we are proud to join hands with Qatar Central Bank to introduce a service that revolutionizes the way individuals transact, offering unparalleled speed, convenience, and accessibility. At Ahlibank, we are dedicated to driving positive change in the financial landscape, and Fawran exemplifies our unwavering dedication to delivering excellence in banking services.”

In today’s fast-paced world, convenience and efficiency are paramount in financial transactions, as emphasized by Mr. Al Namla. He stated, “Gone are the days of waiting for transactions to process or dealing with complicated transfer processes. With Fawran, customers can send money to friends and family with just a few taps on their smartphone.”

Key Features of Fawran include:

• Instant Transactions: Fawran enables instant sending and receiving of funds, ensuring swift and efficient transactions at the customer’s fingertips.
• Alternative Identifiers: Simplify transactions by utilizing alternative identifiers, such as a mobile phone number, in place of an IBAN. Fawran streamlines the transfer process, making it easier than ever before.
• 24/7 Accessibility: Access to the Fawran service is available 24/7, without interruption. Whether it’s day or night, weekdays or weekends, Fawran empowers customers with the flexibility to manage finances anytime, anywhere.

Mr. Al Namla further elaborated, “With Fawran Instant Payment Service, users can experience a seamless and hassle-free banking experience like never before. We are glad to invite our clients to join us in embracing the future of finance with Fawran Instant Payment Service – where speed, simplicity, and security converge to redefine the banking experience in Qatar.”

Ahlibank remains steadfast in its commitment to enhancing the banking experience for its customers, providing innovative financial solutions that streamline processes and elevate customer satisfaction.