#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.