Qatar’s QIB bags award from Visa for its improved digital solutions

By Shilpa Annie Joseph, Desk Reporter
  • Follow author on
Representational Image

Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB) has received the prestigious “Appreciation for Innovation in Digital Banking” award from Visa for its ongoing efforts in offering improved digital solutions to cardholders through the mobile banking application and internet banking platforms.

QIB has succeeded in providing the most frequently used card features via the mobile app, including the instant Credit Card application, approval, and instant temporary limit increase, as part of its ongoing journey to improve its Mobile Banking services and give more flexibility to its cardholders.

According to the statement, QIB has added several new card capabilities to the QIB Mobile App in the last 24 months, providing outstanding consumer convenience. QIB has previously partnered with Visa to offer Visa Transaction Control (VTC) for providing QIB Visa credit cardholders more control, safety, and security over their cards via the App.

Bassel Gamal
Bassel Gamal
Group CEO – QIB

“We are pleased to be recognized by Visa for our innovative digital banking solutions. Our ongoing focus and investment in upgrading our mobile banking services offer customers a secure and easy banking experience. We stay committed to developing the digital banking scene in Qatar and the region.”

“Visa and QIB are committed to helping Visa cardholders access the digital economy through the delivery of our best-in-class secure digital payment solutions. We recognize QIB’s solid efforts in enhancing its payment products portfolio and we are delighted to see them as the first in Qatar to offer Visa Transaction Controls to our cardholders,” commented Mr. Andrew Torre, Visa’s Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA).

Related: Qatar’s QIB bags 3 titles at Asset Triple A Islamic Finance Awards 2021