4 October 2021 – Qatar National Bank (QNB) unveiled its global strategy for cross-border payments with the launch of a remittance services in collaboration with the blockchain solutions company Ripple. According to the agreement, QNB will initially pilot Ripple’s global financial network technology, RippleNet, with QNB Finansbank in Turkey as part of a group roll out, with plans to expand to other key remittance corridors in the future.

Through RippleNet, QNB aims to improve cross-border payments and expand its remittance service across multiple countries in a quick succession. This partnership will deliver near real-time payments, to provide a unique and differentiated experience for QNB’s customers.

Re-disseminated from Qatar National Bank