• Wednesday, May 08, 2024
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QNB Strengthens Its Payments Business With Enterprise Payments Hub From Infosys Finacle

The Finacle payments hub has enabled QNB to consolidate local payment systems QIPS, and QATCH in Qatar into a single platform. In subsequent phases, the bank’s foreign operations are also being on-boarded and integrated with the hub (Photo: FAYEZ NURELDINE/AFP/Getty Images).

By: Radhakrishna N S

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and QNB, the largest financial institution in the Middle East and Africa, announced the successful implementation of the Finacle Payments Hub on Thursday (20) as part of the bank’s digital transformation strategy. QNB, which operates across more than 31 countries in Africa, Asia, and Europe, is consolidating its multiple payment engines and has replaced them with the unified, multi-currency and multi-entity enabled enterprise payments hub from Finacle. With this, QNB has gained a real-time payments platform, with proven scalability to meet emergent business needs and agility to respond swiftly…

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