QNB Group, the largest financial institution in the Middle East and Africa (MEA), has launched a new innovative solution, ‘myPOS’, for its merchants in Qatar.
The new solution allows Qatari merchants to use their smartphones instead of point-of-sale (POS) devices to accept contactless transactions instantly and easily.
The myPOS is a new payment acceptance solution that is a cost-effective solution for all micro-merchants and SMEs, eliminating their need to invest in a POS device.
According to the statement, “Merchants in Qatar can now accept all credit and debit cards contactless payments, including Apple and Google Pay, directly from their own Android smartphones and smart devices, where the set up takes less than 30 minutes after signing up as a merchant.”
“This new solution is a digital evolution that contributes towards a cashless society and provides merchants with an easy and convenient payment acceptance solution. As early as 2014 QNB introduced mPoS, an innovative tool that helped our Merchants with their everyday needs at reduced costs. We are now delighted to continue with our plans, be the leading provider of such services, supporting all micro-merchants and SMEs in Qatar. myPOS being the latest and yet more affordable digital payment acceptance solution that helps them lower their cost of business.”
“We are constantly aiming at providing the latest technologies and security solutions to empower our presence and maintain our customers’ safety, and we will always remain driven in providing such technological services for merchants, especially given our great track record with strong payment acceptance businesses and products with industry expertise,” Mr. Al-Malki added.
QNB Group, currently ranked as the most valuable bank brand in the Middle East and Africa, is proud to be the Official Middle East and Africa Supporter of the FIFA World Cup 2022, as per the statement.
Related: Tradeling taps into Wio Bank’s financial management solution, Wio Business