ProgressSoft Integrates QA-RTGS Across Major Banks in Qatar

ProgressSoft is pleased to announce the successful implementation of its Payments Hub Platform RTGS Module across leading financial institutions in Qatar.

This achievement marks a significant step forward in supporting Qatar Central Bank’s (QCB) visionary mandate to modernize the nation’s payment infrastructure with the launch of the new Real-Time Gross Settlement system (QA-RTGS).

The successful implementations at major banks including Ahlibank Qatar, Arab Bank, Qatar Islamic Bank, and more, now enable seamless real-time settlement of high-value interbank transactions, while offering a secure, efficient and scalable platform that fully integrates with QA-RTGS and complies with QCB’s latest regulatory requirements. The deployments were achieved in record time and ensured that the integration process required minimal changes to the banks’ core banking systems and middleware, allowing for a smooth transition without disruption to daily operations.

Designed for scalability and reliability, ProgressSoft’s Payments Hub Platform RTGS Module handles growing transaction volumes with zero downtime, while leveraging advanced security protocols, such as Swift and ISO 20022, to safeguard transactional data. It provides real-time reporting and reconciliation tools that enhance liquidity management and ensure operational transparency.

The module is also built to meet the rising demand for faster, more reliable payment systems in Qatar. By mitigating settlement risks and ensuring full compliance with QCB’s regulatory requirements, it supports the central bank’s initiative to establish a robust and modernized payment infrastructure.

“We are honored to collaborate with Qatar’s leading financial institutions in advancing QCB’s visionary transformation of the payments landscape,” noted Amjad Zawyani, ProgressSoft Qatar’s Country Manager. “The successful deployments highlight our strong commitment to innovation, reliability, and our pivotal role in supporting Qatar’s journey toward a fully modernized and efficient payments infrastructure.”

ProgressSoft takes great pride in contributing to Qatar Central Bank's transformative vision and empowering Qatar's esteemed financial institutions to drive innovation and excellence in the financial sector.