Commercial Bank, digital Bank in Qatar, announces launch of UPI remittance service to India

Sakshi Education

Commercial Bank, a digital Bank in Qatar, announced the launch of UPI remittance service to India, becoming the first bank in Qatar to offer this service. Customers can use Commercial Banking digital platforms to initiate UPI payments using UPI-ID. The transactions can be completed within 60 seconds and are available 24/7.
This represents a significant step forward in our efforts to enhance the customer experience and provide more convenient, secure, and accessible financial services to our clients. UPI is an innovative payment system that aligns with our commitment to offer seamless banking services to our customers and we are confident that these services will support us to meet the evolving needs of our customers in today's fast-paced digital world, he added.
UPI (Unified Payment Interface) is a fast and convenient payment system that allows customers to transfer money between bank accounts in real-time using UPI-ID. UPI-ID is a unique identifier that does not require bank account details or IFSC codes to create a beneficiary. Customers can use Commercial Banking digital platforms to make UPI payments using UPI-ID.
UPI-ID for the beneficiary can be easily created by visiting respective Indian Bank Digital Platforms and by following the steps required.

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