Retail Payment Systems

System definition:

A centralized payment system that was launched in 2003, to enable banks to display and collect cheques among themselves by converting paper cheque into images for electronic processing.

System services:

• Collection of cheques between banks operating in Qatar.

• Acceptance and rejection of cheques between banks operating.

• Comprehensive status reporting.

System features:

• Enhance efficiency in the cheque clearing process.

• Improve fraud prevention capabilities by verifying customer cheques.

• Adopt highest security standards for cheque processing.

System members:

• Qatar Central Bank

• Qatar National Bank

• Commercial Bank

• Doha Bank

• Qatar Islamic Bank

• Ahli Bank

• Qatar International Islamic Bank

• Arab Bank

• Mashreq Bank

• Standard Chartered Bank

• HSBC Bank

• United Bank Limited

• Bank Sadarat Iran

• BNP Paribas bank

• Masraf Al Rayan

• Dukhan bank

• Qatar Development Bank

System definition:

A centralized payment system that was launched in 1996, to process debit and prepaid card transactions on ATM, POS and E-Commerce terminals in Qatar, GCC countries, and Egypt.

System Services:

• ATMs transactions.

• POS transactions.

• E-commerce transactions.

System Features:

• 24/7 Availability.

• One of the first Switches in the region to achieve full EMV compliance both as an acquirer and issuer.

• Supports routing of tokenized transactions.

System members:

• Qatar National Bank

• Commercial Bank of Qatar

• Qatar Islamic Bank

• Ahli Bank

• Dukhan Bank

• Doha Bank

• Qatar International Islamic Bank

• Masraf Alrayan

• Bank Sadarat Iran

• HSCB Qatar

• UBL

• Arab Bank

System definition:

A centralized 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.

System services:

• Transfer between E-wallets using phone number.

• Deposit and withdraw from e-wallets.

System features:

• 24/7 Availability.

• Registration using phone number, alias name, or both.

• Supports QR code payments.

• No minimum balance.

System members:

• Qatar National Bank

• Commercial Bank

• Doha Bank

• Qatar Islamic Bank

• Ahli Bank

• Qatar International Islamic Bank

• Arab Bank

• HSBC Qatar

• Masraf Al Rayan

• Dukhan Bank

• i-pay

• Ooredoo Money

System definition:

A centralized payment system that was launched in 2010, to enable individuals and corporates to perform fund transfers between bank accounts within banks in Qatar.

System Services:

• Credit transfer.

• Direct debit.

System Features:

• Bulk transfers.

• Integration with Wages Protection Systems (WPS) for salary transfers.

• Integrations with mandate management system (TERMS).

• Transfers using International Bank Account Number (IBAN).

System members:

• Qatar National Bank

• Commercial Bank

• Doha Bank

• Qatar Islamic Bank

• Ahli Bank

• Qatar International Islamic Bank

• Arab Bank

• Mashreq Bank

• Standard Chartered Bank

• HSBC Bank

• United Bank Limited

• Bank Sadarat Iran

• BNP Paribas bank

• Masraf Al Rayan

• Dukhan bank

• Qatar Development Bank

System definition:

A centralized payment gateway that was launched in 2005, to process debit and prepaid card transactions issued by banks in Qatar for e-commerce transactions with merchants in Qatar.

System services:

• Debit card transactions.

• Prepaid card transactions.

System features:

• 24/7 Availability.

• Seamless integration with merchants.

• Instant discount management.

• Supports routing of tokenized transactions.

System members:

• Qatar National Bank

• Commercial Bank of Qatar

• Qatar Islamic Bank

• Ahli Bank

• Dukhan Bank

• Doha Bank

• Qatar International Islamic Bank

• Masraf Alrayan

System Definition:

A centralized system that was launched in 2010, as an initiative between Qatar Central bank and Ministry of labor (MOL) to manage and verify wages processing from employers to employees under law no.14 of 2004.

System Features:

• Monitoring timely processing of wages payments to meet the requirements of the labor law and safeguard their rights.

• Enable the Ministry of Labor and Social Affairs to constantly review employees 'data and compare it with its employees’ contracts to ensure the application of the labor law.

• Enhance human rights principles in Qatar.

• Support the judiciary in issuing rulings and settling disputes related to workers' benefit.

System Members:

• Qatar National Bank

• Commercial Bank

• Doha Bank

• Qatar Islamic Bank

• Ahli Bank

• Qatar International Islamic Bank

• Arab Bank

• Mashreq Bank

• Standard Chartered Bank

• HSBC Bank

• United Bank Limited

• Bank Sadarat Iran

• BNP Paribas bank

• Masraf Al Rayan

• Dukhan bank

• Qatar Development Bank

System Definition:

A centralized payment system that was launched in 2024, to enable individuals and corporates to perform instant fund transfers between bank accounts within banks in Qatar.

System Services:

• Credit transfers.

• Request to pay.

• Confirmation of payee.

System Features:

• 24/7 Availability.

• Single transfers.

• Transfers using different identifiers for individuals (mobile number, Alias name, IBAN number).

• Transfers using different identifiers for corporates (Establishment ID, Commercial Registration and Commercial License).

• Reduced transaction fees.

System Members:

• Qatar National Bank

• Commercial Bank of Qatar

• Qatar Islamic Bank

• Ahli Bank

• Dukhan Bank

• Doha Bank

• Qatar International Islamic Bank

• Masraf Alrayan

Retail Payment Systems

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• Transfer between E-wallets using phone number.

• Deposit and withdraw from e-wallets.

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