Qatar’s QNB unveils new RippleNet payment system at Smart City Expo Doha 2022

Qatar’s QNB unveils new RippleNet payment system at Smart City Expo Doha 2022

Qatar National Bank (QNB) Group, the largest financial institution in the Middle East and Africa (MEA), has unveiled new innovative payment solutions in partnership with Ripple at the Smart City Expo Doha 2022.

As the official bank sponsor of the Smart City Expo Doha, an initiative by the Ministry of Communications and Information Technology (MCIT), QNB has showcased its latest digital banking products and services at the bank’s pavilion at the Expo.

QNB’s new RippleNet payment is part of the bank’s payment ecosystem and strategy for cross-border payments with Ripple. Being the first to the market through RippleNet, QNB continues to expand cross-border payments and enhance its payment services quickly across multiple countries.

This partnership between QNB and Ripple offers near real-time payments to provide a unique and different experience for QNB customers. As part of a group rollout, Ripple’s global financial network technology, RippleNet was initially launched by QNB Finansbank in Turkey, with plans to expand to other major remittance corridors in other major countries in the near future.

WeChat Pay

The bank also introduced WeChat Pay, China’s leading mobile payment solution to retailers in Qatar. As the first bank to launch this service in Qatar, QNB reaffirmed its commitment to supporting retail clients