Qatar Central Bank has introduced new Qatari riyal and foreign-currency transfer services within the Real-Time Gross Settlement System, enhancing the efficiency and security of transactions between local banks. This upgrade marks a major advance in Qatar’s efforts to modernize its financial infrastructure under the Third Financial Sector Strategy.
The enhanced QA-RTGS system enables faster, more flexible, and more secure processing of domestic settlements. By shifting more banking operations to a real-time model, financial institutions are expected to benefit from smoother workflows and improved reliability, helping strengthen Qatar’s digital banking ecosystem.
This initiative aligns with Qatar National Vision 2030, which prioritizes technological progress and sustainable economic growth. The upgraded settlement capabilities are set to support banks, businesses, and consumers alike, reinforcing Qatar’s standing as a regional leader in advanced and secure payment systems.