Global banking giant JP Morgan is accelerating the adoption of its blockchain-powered payment platform, Kinexys, in the Middle East and North Africa (MENA), as two leading regional banks—Qatar National Bank and Saudi National Bank—have recently gone live with the system.

The Kinexys Digital Payments platform is part of JP Morgan’s strategic push to reshape cross-border transactions and institutional liquidity management through real-time, programmable, and blockchain-enabled solutions that align with emerging regulatory technology trends.

Last month, Qatar National Bank (QNB) officially integrated Kinexys to manage its U.S. dollar-denominated corporate payment flows. According to the bank, the move addresses long-standing challenges in cross-border settlements, including funding inefficiencies and liquidity constraints. With Kinexys, QNB aims to strengthen compliance with evolving regulatory frameworks governing digital payments and treasury operations.

Similarly, Saudi National Bank (SNB) has deployed Kinexys to enable 24/7 programmable treasury payments, enhancing real-time fund movement across its domestic and international branches. The initiative eliminates traditional cut-off windows and positions SNB to meet the demands of a digitized economy. The bank also plans to extend this capability to selected large corporate clients, a move expected to improve regulatory reporting, streamline treasury obligations, and mitigate risk across payment workflows.

“We’ve successfully piloted U.S. dollar-denominated flows, and this technology will allow us to scale our existing offering and introduce more cutting-edge and frictionless capabilities to our branches, affiliates and clients going forward,” said Ali Al Shubbar, Head of Treasury Operations and International Operations at SNB.

With eight of the largest banks in the MENA region now live on Kinexys—including Commercial Bank of Dubai, First Abu Dhabi Bank, and Bank ABC—the platform is rapidly becoming a preferred solution for institutions seeking secure, compliant, and efficient digital payment infrastructure.

Naveen Mallela, global co-head of Kinexys by JP Morgan, emphasized the platform’s growing relevance:

“The increasingly digital global economy in the Middle East and North Africa presents a unique opportunity to continue supporting clients through our innovative offerings. We are excited to work with our clients across MENA to realize the future of finance.”

Kinexys stands at the forefront of a broader shift toward compliance automation, financial crime prevention, and risk mitigation through RegTech solutions that deliver transparency, speed, and resilience in global payment ecosystems. As regulatory demands intensify, platforms like Kinexys offer critical support in aligning internal controls with regional and international compliance requirements.

The success of Kinexys in the MENA region reflects a growing demand for blockchain-based regulatory technology, enabling financial institutions to optimize operations, adhere to anti-money laundering (AML) standards, and scale with confidence in an increasingly complex digital environment.