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Saturday, December 06, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "payment" (3 articles)

The domestic real time payment service Fawran reported a robust double-digit growth in volumes and value, according to the Qatar Central Bank data
Business

Qatar records 59.95mn payment system transactions valued at QR18.47bn in October: QCB

Indicating the increased use of electronic means in the financial sector, Qatar saw a total of 59.95mn transactions valued at QR18.47bn through the country's payment system in October 2025 as the domestic real time payment service Fawran reported a robust double-digit growth in volumes and value, according to the Qatar Central Bank (QCB) data.The number of transactions and total value grew 8.84% and 10.73% month-on-month respectively in October 2025, the QCB said in its social media handle X.The Qatar Payment System (QPS) is designed on the concept of real-time gross settlement (RTGS) and electronic straight through processing (e-STP).The point-of-sales constituted 50% of the payment system transaction, followed by e-commerce 25%, Fawran or instant payment system at 24% and QMP at 1% in the review period.There were 46.03mn card transactions through point-of-sales – which enables merchants to process payments and log transactions – valued at QR9.19bn in October 2025. The card transactions increased 8.48% and 8.63% month-on-month in volume and value respectively.The e-commerce transactions witnessed as many as 10.82mn transactions valued at QR4.44bn in the review period. The number of transactions and their total value jumped 7.23% and 4.96% respectively compared with September 2025.The point-of-sales and e-commerce together amounted to QR13.63bn through 56.85mn transactions this October, which showed 8.24% and 7.41% surge in volume and value respectively on a monthly basis.Fawran – a real-time payment service in Qatar, allowing users to send and receive money instantly and securely within the country – registered as many as 2.68mn transactions valued at QR4.56bn in October 2025, shooting up 21.27% and 23.58% month-on-month respectively.The total number of Fawran accounts registered a 1.77% month-on-month growth to 3.45mn in the review period.Fawran was launched in 2024 and system members are QNB, Commercial Bank, Qatar Islamic Bank, Ahli Bank, Dukhan Bank, Doha Bank, QIIB and AlRayan Bank.QMP – which allows immediate transfer of funds between registered customers through any registered payment service providers – saw as many as 421,491 transactions valued at QR289.42mn in October 2025. While total number of transactions zoomed 17.26%, total value was down 1.77% against September 2025 levels.There has been a total of 1.22mn registered wallets in the review period, registering a marginal 0.83% increase on a monthly basis.The QMP is a centralised payment system that was launched in 2020, to enable individuals and corporates to perform instant fund transfers between e-wallets within payment service providers in Qatar.The system members are QNB, Commercial Bank, Doha Bank, Qatar Islamic Bank, Ahli Bank, QIIB, Arab Bank, HSBC Qatar, AlRayan Bank, Dukhan Bank, i-pay and Ooredoo Money.The QPS is based on the SWIFT network and messages standards and utilises the SWIFT messages to reconcile and settle the local payments and securities ownership transfers.Qatar's retail payment system comprise electronic cheque clearing system; national network system for ATMS and Points of Sales (NAPS); QMP; direct deposit and debit (QATCH); electronic payment gateway (QPay); wage protection system (WPS); and Fawran.

Gulf Times
Region

Syrian Minister of Finance tells QNA Qatar's support promotes stability and contributes to development

Syrian Minister of Finance Dr. Mohammed Yisr Barniehآ said that the recent Qatari-Saudi $89 million support to enable the payment of salaries for government employees, represents a continuation of the generous fraternal support provided by the State of Qatar, in partnership with the Kingdom of Saudi Arabia, to Syria's people and its institutions. He affirmed that this support reflects the deep fraternal relations between the two countries and demonstrates Qatar's firm commitment to backing Syria in its path toward reconstruction and development.In an interview with Qatar News Agency (QNA), he expressed the Syrian government's sincere appreciation and gratitude to the State of Qatar for its ongoing and valued support across various fields. He pointed out that this support had a tangible positive impact during and after the Syrian crisis by strengthening national institutions and supporting the development process.He explained that the Qatari-Saudi grant came at a critical stage, highlighted by Qatar's active contributions to energy and electricity projects that will help improve vital services and ensure their continuity, as these are fundamental pillars for economic growth and sustainable development. This is alongside Qatar's investments in infrastructure projects that support the Syrian economy, he added.The State of Qatar's support, alongside Saudi Arabia, to help cover wage and salary expenses extends their previously well-recognized role, helping the Syrian government in advancing its plan to reform the wage system and close the arrears file with the World Bank, he said, noting that this reflects the State of Qatar's consistent keenness to support the Syrian state efforts to achieve economic recovery and restore the path of sustainable development.The Syrian Minister of Finance confirmed that this generous support embodies the depth of fraternal relations between Syria and Qatar and affirms Doha's firm commitment to supporting Syria on its journey toward comprehensive reconstruction and development.He pointed out that the grant is an important step in supporting the wage and salary system in Syria and contributing to improving the living standards of public sector employees. He explained that this initiative is a continuation of previous grants that helped enhance the stability of public services and alleviate the living burdens on employees and citizens, while also directly supporting the governmentط·s efforts to implement wage system reforms.In his interview with QNA, he noted that the grant will gradually cover about 17 percent of the wage bill for non-military employees, a significant percentage that will enable the government to continue its economic, financial, and social reform program, positively impacting citizens' livelihoods and the stability of state institutions' performance.The Syrian government, he said, is grateful to its brothers in the State of Qatar for their constant support of Syria in regional and international forums and their readiness to provide expertise, knowledge, and technical advice in financial reform areas.He also emphasised that Syria seeks to build on the continuous Qatari-Saudi support to expand cooperation areas in the upcoming phase by developing comprehensive strategic partnerships with sisterly and friendly countries. This, he said, aims to enhance opportunities for economic and social development, attract investments, and improve the quality of basic services. He clarified that the fraternal cooperation with Qatar and Saudi Arabia is especially important in supporting vital sectors, developing economic policies, and transferring institutional expertise, knowledge, and technologies, thereby contributing to supporting institutional reform in Syria, activating the Syrian economy, and improving the overall and sustainable standard of living.In September, an $89 million joint grant from Qatar and Saudi Arabia was announced to support the salaries of public sector employees in the Syrian Arab Republic. This funding also aims to enhance the stability of essential public services. The initiative was launched by the Qatar Fund for Development (QFFD) and the Saudi Fund for Development (SFD), in partnership with the United Nations Development Programme (UNDP), aiming to support the Syrian government's efforts to implement financial and economic reforms and improve living standards for civil sector employees within the national recovery program.

Gulf Times
Business

Qatar records 55.08mn payment system transactions valued at QR16.68bn in September: QCB

Qatar witnessed a total of 55.08mn transactions valued at QR16.68bn through the country's payment system in September 2025, according to the Qatar Central Bank (QCB) data.Qatar Payment System (QPS) is designed on the concept of real-time gross settlement (RTGS) and electronic straight through processing (e-STP).The point-of-sales constituted 51% of the payment system transaction, followed by e-commerce 25%, Fawran or instant payment system at 22% and Qatar Mobile Payment or QMP at 2% in the review period.There were 42.43mn card transactions through point-of-sales – which enables merchants to process payments and log transactions – valued at QR8.46bn in September 2025.The e-commerce transaction winessed as many as 10.09mn transactions valued at QR4.23bn in the review period.Fawran -- a real-time payment service in Qatar, allowing users to send and receive money instantly and securely within the country -- registered as many as 2.21mn transactions valued at QR3.69bn in September 2025.There have been a total of 3.39mn total registered Fawran accounts in September this year.QMP – which allows immediate transfer of funds between registered customers through any registered payment service providers – saw as many as 359,462 transactions valued at QR294.63mn in September 2025. There has been a total of 1.21mn registered wallets in the review period.The QMP is a centralised payment system that was launched in 2020, to enable individuals and corporates to perform instant fund transfers between e-wallets within payment service providers in Qatar.