Commercial Bank launches first contactless Debit Cards in Qatar
07 Nov 2017 - 3:12
Commercial Bank announced the launch of the first contactless Debit Cards in Qatar on the internationally accepted Visa & MasterCard NFC platform.
The contactless Debit Cards will enable Commercial Bank’s customers to conveniently “Tap & Go” at NFC-enabled point of sale (POS) terminals and they can also use the card as a normal Debit Card at any POS terminal. Commercial Bank contactless Debit cardholders will not be required to enter a PIN or sign receipts for transactions up to QR 100 per day. Customers will also have an option of using their Debit Card as a normal chip and PIN card for conducting transactions if the value of transaction is higher than the contactless daily limit.
Contactless cards are the latest innovation from Commercial Bank to make banking simple and convenient for the best client experience. Starting in November, Commercial Bank will roll out the first batch of contactless Debit Cards to the Qatari market, shortly followed by contactless Credit Cards and Pay Cards. Another digital innovation coming soon from Commercial Bank are digital wallets. Set to go live in Spring 2018, digital wallets allow customers to pay for purchases using their mobile phones.
Contactless cards are a fast, easy and secure way to pay for purchases by simply touching your card on a reader, and a PIN is not required. Transactions are much faster compared to cash and PIN-based transactions, making contactless “Tap & Go” an important feature for supermarkets, fast food outlets, mass public transport, ticketing and sporting events in many parts of the world.
“Commercial Bank has a long tradition of being innovators in the payments market and we are proud of introducing the first contactless Debit Cards in Qatar, with Credit Cards following soon,” said Joseph Abraham, CEO, Commercial Bank Group.