QIIB wins Citibank’s 2026 STP award for international payments

Doha, Qatar: QIIB has once again been honored with Citibank New York's '2026 Straight Through Processing (STP) Excellence Award' for international payments. The award underscores QIIB's solid operational capabilities and the efficiency of its international payment processing, which enables transactions to be completed swiftly and accurately without manual intervention.

The award ceremony took place at Citibank's headquarters, where QIIB's Chief Operating Officer, Mohammed Khair Barhoumeh, received the award from Citibank's Head of Financial Institutions Sales for the Middle East, Seemanti Considine.

Accompanying Barhoumeh were QIIB's Head of Payments and International Operations, Najeeb Ahmed Nasiruddin, along with senior representatives from Citibank. This victory highlights the effectiveness of QIIB's strategy to further automate its operations, enhance its payments infrastructure, and continually improve customer experience, all while meeting the highest international standards.

The award also demonstrates QIIB's exceptional accuracy and speed in processing both incoming and outgoing transfers, as well as its impressive STP rates. This level of performance is backed by robust systems designed to handle the increasing volume of international financial transactions.

Mohammed Khair Barhoumeh expressed his gratitude, stating that receiving this award again in 2026 is more than just recognition. He emphasized the consistent performance of QIIB's operations and the significant progress made in advancing the efficiency of its international payment services, aligning them with the standards set by leading global financial institutions. Barhoumeh also highlighted the crucial role of investments in digital systems and his teams' capabilities in elevating operational efficiency to new heights.

He stressed that QIIB's role extends beyond processing payments, as it is about providing customers the confidence that their funds will reach their destinations globally on time, with the highest levels of transparency and security. Barhoumeh also shared QIIB's future plans, mentioning the integration of the latest intelligent automation and advanced analytics technologies to further enhance the banking experience and ensure speed and reliability remain top priorities.

Barhoumeh concluded by acknowledging the strategic partnership with Citibank, which he values greatly. This partnership enables customers to access the global payments network seamlessly and conveniently, while supporting QIIB's continued progress towards a more digital future.