The Banking Executive Magazine - August Issue

QIIB QIIB First Qatar Bank TO LAUNCH 'SWIFT GPI TRACKER' SERVICE VIA MOBILE BANKING QIIB has introduced the ‘SWIFT GPI Tracker’ service through its mobile banking app, becoming the first bank in Qatar to offer this cutting-edge feature. The launch represents a major leap in international payments, providing customers with greater speed, trans- parency, and real-time traceability. This step reaffirms QIIB’s leadership in adopting advanced global digital banking solutions and its ongoing commitment to providing customers with top-tier services that meet their needs and align with their growing preference for smooth and secure fi- nancial transactions, ultimately en- hancing their banking experience and reinforcing their trust in the bank. The SWIFT GPI Tracker service as- signs a unique tracking code to every international money transfer, allow- ing customers to monitor its journey in real time across all intermediary banks until it reaches the final bene- ficiary. The service’s central platform pro- vides instant updates, enabling users to view the transfer’s location, status, deducted fees, and the net amount received. This empowers customers with full visibility and control over their transactions, placing them at the centre of the process. By launching the service through QIIB’s mobile banking app, cus- tomers can access it with complete ease, anytime and from anywhere. It transforms the experience of inter- national payments into one similar to tracking parcels with global courier services, delivered with the highest standards of security and accuracy. To benefit from the service, a QIIB customer can simply log in to the mobile banking app and select the “Track International Transfers” op- tion. They will then be able to track their transfer with ease, accessing all the information they may wish to know, supported by the unique fea- tures offered by this new service. Mohammed Khair Barhoumeh, Chief Operating Officer at QIIB, stated: “We are proud to be the first bank in Qatar to launch the SWIFT GPI Tracker service through our mobile banking app. This represents a major leap forward in international money transfers. “It serves as a GPS for financial trans- actions, giving our customers the ability to track their transfers with high accuracy and in real time and offering them greater peace of mind and confidence in their banking ex- perience”. Barhoumeh added: “At QIIB, we consider digital innovation a core pillar of our strategy, and the launch of this service aligns with our ongo- ing efforts to strengthen the Bank’s position as a leader in delivering ad- vanced banking solutions.” He continued: “We don’t just keep pace with global developments, we are committed to being among the first banks to introduce the latest in- novations to the local market”. Barhoumeh reaffirmed that QIIB will continue to invest in advanced bank- ing technologies and develop more innovative digital services, further strengthening its position as a leading bank in the Qatari and regional mar- kets, and reinforcing its role in driv- ing digital transformation across the banking sector. the BANKING EXECUTIVE 14 ISSUE 200 AUGUST 2025