Doha – September 30, 2025 – Qatar National Bank (QNB) has become the first bank in the country to adopt JPMorgan’s Kinexys payments platform, introducing on-chain settlement for U.S. dollar corporate flows. The service, which went live in March 2025, enables clients to move funds around the clock, removing traditional business-hour cutoffs that slow cross-border transfers.
Faster, Always-On Settlement
With Kinexys, QNB can now process U.S. dollar payments 24/7, cutting settlement times from days to minutes. Some transfers can be completed in as little as two minutes, giving corporate treasuries more flexibility and reducing liquidity friction across regional corridors.
Benefits for Clients
QNB clients will gain:
- Real-time visibility into fund movements.
- Programmable payments, enabling transfers that execute automatically once conditions are met.
- Reduced reconciliation errors, streamlining treasury operations.
- Full-value preservation, minimizing unexpected deductions before funds reach beneficiaries.
Regional Expansion of Kinexys
QNB’s adoption comes as JPMorgan expands Kinexys across the Middle East and North Africa. Eight of the region’s largest lenders, including Saudi National Bank, are now live on the platform. Earlier this year, India’s Axis Bank also launched 24/7 U.S. dollar clearing via Kinexys, signaling broader global momentum.
A Shift in Regional Banking
The move positions QNB — one of the largest financial institutions in the Middle East — at the forefront of blockchain-enabled banking infrastructure. By leveraging JPMorgan’s system, the bank is advancing faster, programmable corporate payments, aligning with a global trend toward real-time digital settlement.
