Ahlibank Pioneers Fawran Instant Payment Services

Doha, March 14, 2024
Ahlibank Pioneers Fawran Instant Payment Services

Ahlibank proudly announces its integration with Qatar Central Bank’s revolutionary instant payment service, Fawran. This seamless integration was achieved through the implementation of ProgressSoft’s Payments Hub Platform, reaffirming the bank’s commitment to exceptional customer service.

Fawran, Qatar Central Bank's latest initiative, introduces a nationwide instant payment ecosystem, facilitating seamless account-to-account transfers round the clock. Leveraging identifiers such as mobile numbers or IBANs, users can effortlessly send and receive funds, simplifying transactions and enhancing financial accessibility.

As one of the pioneering banks in Qatar to integrate with Fawran, Ahlibank announced the go-live of new cutting-edge services to its esteemed clients, effective March 7, 2024. This significant milestone was achieved through the implementation of ProgressSoft’s Payments Hub Platform, which seamlessly facilitated integration with Fawran, all internal banking systems, and local and cross-border omnichannels and networks.

“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. At Ahlibank, we are dedicated to driving positive change in the financial landscape and are pleased to be doing so with our technology partner ProgressSoft Qatar,” noted Mr. Mohammad Al Namla, Ahlibank’s Deputy CEO – Business Support, Services & Human Resources, “Fawran exemplifies our unwavering dedication to delivering excellence in banking services where our customers can experience a seamless and hassle-free banking experience like never before.”

The platform also empowers Ahlibank to seamlessly introduce additional innovative payment services, optimize payment transactions and significantly reduce transaction processing costs. Moreover, it ensures full compliance with local and international regulations and standards, facilitates migration to ISO 20022 and extends reach to new markets and networks, thereby enhancing the bank’s operational efficiency and competitive edge.

“We are thrilled to witness the successful integration of Ahlibank with Qatar Central Bank’s instant payment service, Fawran, facilitated through our groundbreaking Payments Hub Platform,” noted Mr. Amjad Zawyani, ProgressSoft Qatar’s Country Manager, “We are also immensely proud of our longstanding partnership with Ahlibank, which has consistently demonstrated our mutual commitment to supporting Qatar’s financial ecosystem and contributing to its ongoing digital transformation journey.”

This fruitful collaboration is one of numerous success stories between Ahlibank and ProgressSoft Qatar, which have been collaborating consistently throughout the past 23 years, ensuring that ProgressSoft continually caters to the bank’s renowned customer-centric approach and maintains its position at the forefront of financial innovation efforts in the country.

Ahlibank and ProgressSoft are honored to underscore their commitment to complying with Qatar Central Bank’s strategies and initiatives, while delivering unparalleled banking experiences to valued clients across the country.