Qatar’s QNB Adopts JPMorgan’s Blockchain To Deliver Real-Time USD Corporate Payments
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Qatar National Bank (QNB) has become the first bank in Qatar to deploy JPMorgan’s Kinexys Digital Payments (KDP) platform, enabling local corporates to send U.S. dollar payments in minutes, any hour, any day.
Under the new integration, QNB now processes USD payments 24/7 with dramatically reduced settlement times, helping clients overcome the delays typically inherent to correspondent banking networks.
Kamel Moris, EVP of Global Transaction Banking at QNB, emphasized that the update ushers in “treasurer-grade” efficiency, replacing multiday delays with near-instant confirmation.
QNB’s move is part of JPMorgan’s broader push to expand the Kinexys network across the Middle East and North Africa (MENA). To date, eight major regional banks have signed on to the platform, aiming to modernize multi-currency clearing and settlement infrastructure.
The platform supports programmable payments, liquidity automation, and on-chain USD, EUR and GBP settlement.
By integrating KDP, QNB hopes to position itself as a front-runner in digital finance innovation in the Gulf region. The bank’s move also underscores growing momentum for blockchain-based finance solutions in institutional banking across the MENA region.
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