Qatar National Bank Adopts JPMorgan’s Kinexys for USD Corporate Payments

Qatar National Bank Adopts JPMorgan's Kinexys Platform

Qatar National Bank (QNB) has implemented JPMorgan's Kinexys payments platform for US dollar corporate flows, effective from March 2025.
The platform enables 24/7 US dollar payments with settlement times as quick as two minutes, significantly faster than traditional methods.
Kinexys is being expanded throughout the Middle East and North Africa, with QNB and Saudi National Bank among eight regional banks now using it.
This adoption aims to minimize timing and liquidity issues in corporate treasury operations by providing faster, programmable payment solutions.
Clients will benefit from reduced reconciliation issues and more transparent fund movements.
The system supports "programmable" payment flows, allowing conditions-based transaction triggers to streamline trade and treasury activities.
Full payment amounts are preserved until they reach beneficiaries, minimizing unexpected deductions.

Momentum is building in the region, with other banks like India's Axis Bank also adopting similar 24/7 US dollar clearing capabilities via Kinexys. This reflects a broader shift towards blockchain-based payment networks in regional banking.