Qatar International Islamic Bank (QIIB) has unveiled its latest contactless payment solution, Qatar Mobile Payment (QMP) eWallet, giving clients the ability to enjoy an instant payment service inside Qatar through the Bank’s mobile application without the need for any card or cash.
Digital e-wallets are a secure and dependable payment solution that was introduced as part of the electronic payment services and solutions approved by the Qatar Central Bank (QCB) to support the current dynamic trend of the digital economy, increase security of financial transactions, and reduce reliance on cash payments.
This new digital service constitutes a pioneering step forward in the digitization of various kinds of payment transactions, as well as an ideal solution for various categories of retail and corporate clients.
Customers can sign up for this service through the QIIB mobile app and obtain access to a number of benefits, including instant fund transfers within wallet accounts, receiving funds from other eWallet accounts, and transferring funds from an eWallet account to a bank account, all of which are available 24×7.
Non-QIIB customers can also take advantage of this service by following certain procedures and visiting one of the bank’s various branches across Qatar making it the first Islamic bank in Qatar to offer the eWallet.
“We are pleased to continue implementing our plans to provide our customers with the best services available, while still giving great momentum to digital transformation services and products. Today, we launched this service as a qualitative and valuable additional option for a wide base of retail and corporate clients looking to benefit from the latest and best services offered in the global banking sector.”
The latest launch of the integrated digital service has been offered as part of the bank’s effort to keep pace with the growing demand for digital banking services and contactless solutions to adapt its services to customers’ expectations and aspirations.