Qatar Islamic Bank (QIB) has launched its new contactless credit cards. The contactless payment solution allows QIB credit cardholders to safely and conveniently tap and pay, using their credit card at any contactless enabled point of sale (POS) machine, the bank has said in a statement.
"Contactless cardholders can conveniently tap and pay for transactions under QR300 without a need for a PIN. For purchases over QR300, customers can simply tap their card and entertheir PIN to confirm the transaction," the statement notes.
Newly issued cards and replacements due to expiry, damage or loss will be issued with a contactless feature going forward. Current QIB credit cardholders can digitally, from the comfort of their home, request for a credit card upgrade from QIB’s Mobile App to receive the new contactless credit card.
The credit cards will be conveniently delivered to the customer' preferred location using Qatar Post or can be collected from the C-Ring Road service centre.
D Anand, QIB’s general manager - Personal Banking Group, said: “At QIB, we are committed to continuously expand our digital offerings to suit the fast-evolving needs and expectations of today’s consumers. We aim to provide digital experiences that offer the utmost speed and convenience for all our customers.
"With contactless payment solutions now available for our customers, on top of previously launched services such as the full control and management of customers’ credit cards through the app, the mPay wallet for instant mobile to mobile transfers and NFC-enabled POS machines, we are supporting Qatar’s digital transformation and innovation towards a smart and contactless future.”
Certified by Visa and Mastercard, and powered by their NFC platforms, with this initiative, QIB is aligning with Qatar Central Bank (QCB)’s vision for a safe, secure and cashless economy, ahead of the FIFA World Cup Qatar 2022, the statement adds.
In line with QCB’s goal to achieve a safe, secure and cashless economy, QIB recently launched its mPay digital wallet, which provides a cashless and cardless payment gateway within Qatar.
QIB customers can activate their mPay digital wallet through the award-winning QIB mobile app, which will be linked to their mobile number. Once activated, customers will be able to send and receive money, as easily as sending an SMS.