**[Qatar National Bank Group Adopts JPMorgan's Kinexys Digital Payment System]** BlockBeats News, September 29, according to Bloomberg, Qatar National Bank Group (QNB Group), one of the largest financial institutions in the Middle East, has transitioned to using JPMorgan's Kinexys digital payment system to handle its corporate dollar payment operations in Qatar. The system processes transactions in as fast as a few minutes and is available 24/7. JPMorgan launched the Kinexys network in 2019, which currently processes $3 billion worth of transactions daily. Although transaction volumes are steadily increasing, they still represent only a small fraction compared to the approximately $10 trillion total daily transaction volume handled by the bank's payments division. As the world's largest dollar-clearing bank, JPMorgan has been leveraging its extensive correspondent banking network to scale the platform. Naveen Mallela, Global Co-Head of JPMorgan Kinexys, stated in an interview that by opening the Kinexys digital payment system to financial institutions, the bank can reach more entities that may not be its direct clients.