Commercial Bank Launches First Mobile Contactless Payment Wallet in Qatar
Commercial Bank has recently launched ‘CB Wallet’, the country’s first mobile contactless payment wallet, a digital wallet which allows credit and debit cardholders to pay for items in stores quickly, conveniently and securely using only their mobile phones.
Customers can also use CB Wallet when shopping online and to manage their cards anytime, anywhere using the Commercial Bank mobile application.
Commercial Bank Group CEO Joseph Abraham said they continually invest in new technologies to make transaction banking a simple and secure experience for customers. He said that the launch of CB Wallet will help Qatar achieve its vision of becoming a ‘cashless’ society.
CB Wallet follows Commercial Bank’s introduction of Contactless Cards in 2018 and represents a significant development in Qatar’s cashless ecosystem and e-commerce market. CB Wallet provides key benefits for customers such as speedy online payments locally and internationally, quicker payments in stores, additional control on cards and usage, and a safe, simple and quick online payment experience.
For merchants, CB Wallet helps boost revenues and reduce operating costs, improves speedy and easy payments for customers at point of sale transactions through android phones and offers better customer service.
Speaking on the launch, Amit Sah, EGM and Head of Retail Banking at Commercial Bank said the launch of the CB Wallet service marks another important milestone for Commercial Bank, in their effort to continue providing better customer experience and more flexible payment options for customers when using cards payments solutions.
Our customers who have credit and debit cards can add their cards details to the wallet and enjoy a faster and more secure payment when using the wallet for payment both locally and internationally.’
According to Roya Khajeh, AGM – Head of Cards and Payments at Commercial Bank, their CB Wallet service builds exponentially on the back of their successful Tap N’ Pay Contactless Cards and provides superb addition as well as an alternative form of payment for customers.
It is all part of how we are consistently bringing new innovations to the market to make lives easier and better for our customers. The bank continues investing in the latest payment technologies to achieve its goal of moving customers from using cash to digital payments, and therefore offer a more secure and safe payment experience to customers and play an integral role in boosting the e-commerce market in Qatar.’