Qatar’s payment system logs over 59 million transactions worth QR18.474bn in October
The Peninsula
Doha, Qatar: The total value of transactions across various payment systems reached QR18.474bn during October this year with a total volume of 59.954...
Doha, Qatar: The total value of transactions across various payment systems reached QR18.474bn during October this year with a total volume of 59.954 million transactions.
Regarding the share of each payment channel, Qatar Central Bank (QCB) stated in a post on its X platform, yesterday that the point of sale transactions accounted for 50 percent, e-commerce for 24 percent, the ‘Fawran’ instant payment system for 25 percent and mobile payment service accounted for 1 percent.
The point of sale and e-commerce transactions in Qatar witnessed a surge in October this year. The total value of transactions registered in the country through the point of sale (POS) terminals and e-commerce platforms reached QR13.6292bn, according to the latest card payment statistics.
The value of e-commerce transactions amounted to QR4.435bn with a total volume of 10.823 million transactions. Meanwhile the point of sale transactions saw a total value of approximately QR9.194bn with a transaction volume of 46.026 million in October this year.
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.
