2025-09-19
Qatar Records 52.55mn Payment System Transactions Valued at QR16.14bn in August
Qatar witnessed a total of 52.55mn transactions valued at QR16.14bn through the country's payment system in August, according to the Qatar Central Bank (QCB) data.
The number of transactions and total value grew 1.64% and 0.06% month-on-month respectively in August 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 51% of the payment system transaction, followed by e-commerce 26%, Fawran or instant payment system at 21% and Qatar Mobile Payment or QMP at 2% in the review period.
There were 40.79mn card transactions through point-of-sales – which enables merchants to process payments and log transactions – valued at QR8.23bn in August 2025. The card transactions increased 1.14% and 0.12% month-on-month in volume and value respectively.
The e-commerce transaction witnessed as many as 9.43mn transactions valued at QR4.24bn in the review period. While the number of transactions jumped 2.72%, total value was down 2.75% compared with July 2025.
The point-of-sales and e-commerce together amounted to QR12.48bn through 50.22mn transactions this August, which showed 0.79% decline in value; but rose 1.43% in volume 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 2mn transactions valued at QR3.38bn in the review period, registering 6.95% and 3.36% month-on-month growth respectively.
There have been a total of 3.33mn total registered Fawran accounts in August 2025, growing by 2.69% month-on-month.
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 333,702 transactions valued at QR278.26mn in August 2025, registering 4.25% and 0.44% growth against July 2025 levels.
There has been a total of 1.23mn registered wallets, a 2.5% 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 comprises 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.
The number of transactions and total value grew 1.64% and 0.06% month-on-month respectively in August 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 51% of the payment system transaction, followed by e-commerce 26%, Fawran or instant payment system at 21% and Qatar Mobile Payment or QMP at 2% in the review period.
There were 40.79mn card transactions through point-of-sales – which enables merchants to process payments and log transactions – valued at QR8.23bn in August 2025. The card transactions increased 1.14% and 0.12% month-on-month in volume and value respectively.
The e-commerce transaction witnessed as many as 9.43mn transactions valued at QR4.24bn in the review period. While the number of transactions jumped 2.72%, total value was down 2.75% compared with July 2025.
The point-of-sales and e-commerce together amounted to QR12.48bn through 50.22mn transactions this August, which showed 0.79% decline in value; but rose 1.43% in volume 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 2mn transactions valued at QR3.38bn in the review period, registering 6.95% and 3.36% month-on-month growth respectively.
There have been a total of 3.33mn total registered Fawran accounts in August 2025, growing by 2.69% month-on-month.
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 333,702 transactions valued at QR278.26mn in August 2025, registering 4.25% and 0.44% growth against July 2025 levels.
There has been a total of 1.23mn registered wallets, a 2.5% 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 comprises 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.
Source: GULF TIMES