Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB) has launched the first-ever digital credit card in Qatar, available on QIB’s award-winning mobile app.
According to the statement, “The innovative new product will improve customer experiences, as they will be able to instantly issue their card, use it for online shopping and add it to their Apple wallet without the need to have a physical card.”
The Digital Credit Card’s launch is part of QIB’s long-term digitalization strategy and is in line with the high interest for online shopping witnessed in Qatar.
D Anand GM – Personal Banking Group QIB
“We are proud to be the first bank in Qatar to launch this innovative product to our customers. This digital credit card will offer an unprecedented digital payment solution, allowing QIB customers to benefit from easy access and seamless use of the card while having the peace of mind of enjoying complete control over the card, offering unparalleled banking, and purchasing experience. This is the latest initiative in our efforts to introduce innovative, compelling digital products to stay at the forefront of the digital banking scene. As the leading digital bank in Qatar, we will continue our efforts to reach out to more customers as well as strengthen our relationship with our existing clients whilst striving to elevate their banking experience.”
The digital card can also be added to Apple Pay instantly to be used either at point of sale (POS) terminals in physical shops or for eCommerce transactions. The new digital credit card comes with the highest levels of security and encryption and allows cardholders to activate or deactivate it from their mobile at any time.
The digital card is available to all eligible customers to apply and obtain approval instantly through the QIB mobile app. “Further, it will be available in real-time for customers to view and use for their eCommerce transactions with card details like the 16-digit card number, expiry date, and CVV being visible to the cardholder in a unique and secure way,” as per the statement.
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