We are confident that these services will support us to meet the evolving needs of our customers in today's fast-paced digital world.” “UPI is an innovative payment system that aligns with our commitment to offer seamless banking services to our customers. 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-ID for the beneficiary can be easily created by visiting respective Indian bank digital platforms and by following the steps required.Ĭommercial Bank Group CEO Joseph Abraham commented on the launch saying: “We are delighted to announce the launch of our new UPI remittance service to India. Available round-the-clock, transactions can be initiated and completed within 60 seconds. Using Commercial Banking digital platforms customers can now initiate UPI payments using UPI-ID. UPI (Unified Payment Interface) is a real-time payment system that enables customers to transfer funds between bank accounts instantly using UPI-ID without the need for bank account details or IFSC codes while creating a beneficiary. Commercial Bank has announced the launch of UPI remittance service to India, becoming the 'first bank in Qatar' to offer this service.
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