The Qatar Central Bank (QCB) has announced a major milestone for the Fawran system, reporting that transaction values have reached QR10.1 billion since its launch in March 2024. This fast-rising financial platform has completed around 5.5 million transactions within just over a year.
This impressive figure highlights the increasing role of digital payments in Qatar’s financial landscape. The key phrase “rapid digital payment growth” reflects a shift toward quicker, more efficient financial solutions across the country. QCB noted that both transaction volume and value have shown strong upward trends.
The value of transactions grew at an average rate of 28 percent. At the same time, the number of transactions rose at an average of 31 percent. These figures demonstrate not only wide public adoption but also growing confidence in digital payment solutions.
As of April 2025, over 2.7 million individuals had registered accounts with the Fawran system. Additionally, nearly 99,000 companies have signed up, signaling strong corporate interest. This wide-scale registration reflects how “rapid digital payment growth” is reshaping the way people and businesses transfer money in Qatar.
According to QCB, the Fawran system has delivered tangible benefits. It has reduced the time needed to transfer funds between individuals and companies. More importantly, it has improved the overall efficiency of Qatar’s financial operations.
The central bank made this announcement via a post on the social media platform X. Officials emphasized how digital systems like Fawran support national goals for a modern, efficient, and inclusive financial sector.
Looking ahead, QCB is expected to continue supporting innovations that drive “rapid digital payment growth” throughout the country. With its early success, the Fawran system could soon become one of the region’s leading financial platforms.
