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QIB Launches Visa+ to Transform Cross-Border Money Transfers in Qatar

  • Gulf Trick

In a pioneering move that marks a major step toward seamless digital banking, Qatar Islamic Bank (QIB) has launched Visa+, an innovative international money transfer service designed to simplify cross-border transactions across the GCC.

This game-changing service allows users to send money using only a mobile number—no card details, no complex processes.

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By integrating Visa’s Direct Alias Directory, QIB has become the first bank in Qatar to offer this secure, user-friendly solution, enabling smoother and faster fund transfers to select partner banks in the UAE and Bahrain.

Transfers That Feel Like Texting

Gone are the days of scrambling for IBANs or card numbers. With Visa+, QIB customers can send money through the QIB Mobile App by simply entering the recipient’s phone number—thanks to Visa’s alias-based transfer system.

At launch, Visa+ is compatible with leading GCC financial institutions including Emirates NBD in the UAE, as well as Bahrain Islamic Bank and Khaleeji Bank in Bahrain via BenefitPay. This early access lays the foundation for a broader regional network in the coming months.

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A Safer, Smarter Alternative

Visa+ not only speeds up money transfers but also enhances security by eliminating the need to share sensitive financial data.

It’s a forward-thinking solution tailored to the digital habits of modern users—especially those who frequently send money to friends, family, or business partners in neighboring countries.

“We’re proud to lead this launch in Qatar and redefine the remittance experience for our customers,” said D. Anand, General Manager of QIB’s Personal Banking Group.

“Visa+ reflects our vision of providing fast, secure, and intuitive financial solutions through our award-winning mobile app.”

A Leap Toward Financial Innovation

Visa’s Vice President and General Manager for Qatar and Kuwait, Shashank Singh, added:

“Visa+ is a transformative step for remittances. It makes cross-border money transfers more convenient and more secure, creating real impact not only for individual users but for communities and regional economies.”

This move aligns with QIB’s wider strategy to drive digital innovation and expand financial access across the region, especially as demand for instant, low-friction transactions continues to rise.

The Future of GCC Banking

With Visa+ now available on the QIB Mobile App, customers can expect a more streamlined and modern remittance experience—one that keeps pace with their fast-moving lives and business needs.

QIB’s latest innovation is more than a tech upgrade—it’s a signal that the future of Gulf banking is here, and it’s mobile, secure, and more connected than ever.

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Gulf Trick

Tags:Banking
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