QNB unveils new payment services in Smart City Expo Doha 2022 – The Peninsula

QNB unveils new payment services in Smart City Expo Doha 2022 – The Peninsula

Doha: As the Official Bank Sponsor of this year’s edition of the Smart City Expo Doha 2022, QNB Group, the largest financial institution in the Middle East and Africa, has unveiled its latest digital banking products and services at the bank’s pavilion held during the two-day event organized by the Ministry of Communications and Information Technology (MCIT).

QNB Group unveiled new innovative payment solutions as part of its payment ecosystem and strategy for cross border payments with Ripple. Being the first to market through RippleNet, QNB enhances cross-border payments and expand its remittance service across multiple countries in a quick succession. This partnership delivers near real-time payments, to provide a unique and differentiated experience for QNB’s customers. QNB initially launched Ripple’s global financial network technology, RippleNet, with QNB Finansbank in Turkey as part of a group roll out, with plans to expand to other key remittance corridors to other large countries in the near future.

The Bank also revealed WeChat Pay, the premier mobile payment solution in China, to retailers in Qatar. As the first bank to launch this service in Qatar, QNB affirms its commitment to support retail sector clients who will attract Chinese customers during the upcoming FIFA event. With