Doha, Qatar: Qatar’s payment system witnessed around 54.019 million transactions valued at QR15.280bn in May this year.
In a post on its X platform yesterday, Qatar Central Bank (QCB) stated that the total value of transactions across various payment systems reached QR15.280bn during May 2025 with a total volume of 54.019 million transactions.
It also highlighted the share of each payment channel including point of sale transactions which accounted for 56 percent, e-commerce for 26 percent, ‘Fawran’ instant payment service for 17 percent and mobile payment systems accounted for 1 percent.
QCB’s innovative instant payment service ‘Fawran’ aims to develop a digital payment ecosystem in the country. The system has proven its efficiency in facilitating and improving payment processes by reducing the time required to transfer money between individuals and companies in Qatar.
Fawran is an innovative and advanced service aligned with the Third Financial Sector Strategic Plan. This service comes as part of QCB's ongoing efforts to develop the payment systems infrastructure and keep pace with the latest developments in the field of electronic payment systems and money transfer.
The service significantly benefits customers across the country and enables the beneficiaries to receive funds within seconds. It operates 24/7 and can be used through mobile banking applications and digital channels. It reflects QCB’s commitment to provide the best services to customers of banks and financial institutions in the country.
The total value of transactions registered in Qatar through point of sale (POS) terminals and e-commerce platforms reached QR12.512bn in May 2025, according to the latest card payment statistics by QCB.
The data revealed that the value of e-commerce transactions amounted to QR3.965bn with a total volume of 9.449 million transactions. Meanwhile, point of sale transactions recorded a total value of approximately QR8.547bn with a transaction volume of 42.736 million.
The point of sale solution provides innovative, secure, and highly efficient payment processing services as it supports contactless card transactions, eWallet, mobile PoS (mPOS), QR code scanner, and online billing and settlement.
Over the coming years, the country’s e-commerce industry is poised for substantial growth with forecasts predicting a compound annual growth rate (CAGR) of 9.40 percent by 2028.
According to Instant Transfer System Statistics for May 2025, the statistics showed that the Qatar Mobile Payment saw a total of 1.344 million registered wallets. The total value amounted to QR181.967m with a volume of around 189,000 transactions.
