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    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

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    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

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    OPay obtains approval of Egypt’s CBE to issue prepaid cards

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    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

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    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

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    Digital voice-based banking to become the new reality in 2022?

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    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

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    Al Salam acquires Ithmaar Bank for USD2.2 Billion to power Consumer Banking division

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    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

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    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

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    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

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    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

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    Vodafone shares up after USD 4.4 billion UAE stake buy

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    Ather Energy raises USD128 million in series-E funding

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    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

  • Markets
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    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

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    Brazil mills cancel new sugar export contracts, shift output to ethanol

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    World’s No.2 producer of wheat, India, bans wheat exports in new move

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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Home Banking Islamic

Qatar Islamic Bank Brings New H2H Payment Management Solutions for Corporate Customers

The launch encourages majority of transactions remotely and digitally for corporate customers

The Global Economics by The Global Economics
January 28, 2021
in Islamic, Technology, Trending
Reading Time: 1 min read
0
Qatar Islamic Bank Brings New H2H Payment Management Solutions for Corporate Customers

Qatar Islamic Bank Brings New H2H Payment Management Solutions for Corporate Customers

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#Qatar Islamic Bank (#QIB) has launched a new digital payment management solution for its corporate customers. The purpose of the launch is to bring automation and better payment management experiences for the customers with security, ease, and speed. 

In a statement, General Manager of QIB’s Wholesome Banking Group, Tarek Fawzi expressed his gratitude for the launch that allows the customers to fulfill their banking needs in secure and quick ways. The new online H2H Payment Management Solution marks the complete digitization of corporate banking products and solutions, he added. 

Adding new benefits for large corporates who process huge volume of payments on a regular basis, the launch will reduce the business efforts of processing bulk payments by around 50%. Further, the Management Solution reduces the margin of delay or error despite the size of the payment. 

Notably, QIB becomes the first Islamic Bank to allow corporate customers to process their payments via their Enterprise Resource Planning (#ERP) digitally. The H2H payment system boasts complete encryption, up-to-date status of transactions, and tracking for customers via the Corporate Internet Banking platform, which now comes with major updates and features.

Tags: ERPqatarQatar Islamic BankQIB
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The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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