QNB said yesterday it will accept China UnionPay (CUP) cards on its ATMs within Qatar.
So far, it has been rolled out to 10 POS (points of sales) and all QNB ATMs across Qatar, with more POS to follow in the coming months, the bank said.
Earlier this year, QNB signed an agreement with CUP, aimed at allowing holders of the CUP card visiting the country, to easily use their cards at QNB’s largest POS network in Qatar consisting of more than 6,000 POS terminals and 3,000 merchants, with leading participating
merchants.
“QNB Group is always looking for new ventures that expand its international reach, so the bank positions itself as the best choice for those who look for unique banking services,” a bank spokesman said.
The POS implementation went live back in June, making QNB the first bank in Qatar to launch the POS for CUP cardholders.
Now with the new ATM implementation, (CUP) cardholders can take additional benefit and make all their cash transactions including third party bill inquiries and payment services, Qtel and Vodafone, top ups, vouchers, through QNB’s largest ATM network in Qatar with over 270 ATMs conveniently located across Doha and other major cities within Qatar.
QNB is the first bank in Qatar to provide CUP cardholders with the highest diversified level of transaction services and accessibility to ATMs and POS which will result in an increased transaction volume and revenue.
Today UnionPay is one of the fastest growing payments technology companies in the world. Its cards are accepted in over 1.5mn ATMs and 4.5mn POS terminals, in more than 130 countries and regions with its card base of 3.2bn globally, making it one of the largest cards payment schemes in the world.