QIB & QPay Officially Launch the First
Islamic PoS & Online Payment Gateway in Qatar
November 20, 2018
Qatar Islamic Bank (QIB) has officially
launched the first Islamic Point of Sale (PoS) & Online Payment
Gateway solutions in collaboration with QPAY international, a
Qatari based Fintech company offering a wide portfolio of
electronic payment solutions. This solution has been introduced
to serve QIB’s corporate and SME clients and support their
business banking needs.
The Islamic PoS solution developed by Android
smart technology will provide innovative, secure, and highly
efficient payment processing services. The new PoS supports
contactless card transactions, E-Wallet, mobile PoS (mPoS), QR
code scanner and online billing and payment.
Mobile PoS (mPoS) is an innovative business
solution that services delivery-oriented businesses where the
PoS is connected via Bluetooth to a smartphone that serves as a
cash register (compatible with both Android and iOS), making
card transactions portable. The PoS has a built-in camera that
allows merchants to scan barcodes which eliminate the need for
SME’s and corporate clients to have a separate barcode reader as
the new PoS machine will serve this dual function. The PoS
solution accepts VISA, Mastercard, American Express, and
UnionPay international cards.
The online billing feature will enable
merchants real-time access to all transactions made on the PoS
on an online platform, eliminating the need for merchants to
keep a log of all transactions made, and providing them with
more flexibility in time. The PoS is available amongst QIB’s
existing corporates including SMEs and retail stores.
For businesses that require e-commerce
solution to process payments online, QIB & QPay are offering a
quick and secure online payment gateway to enable them to serve
their clients better, save time, and increase the source of
revenue. It also helps in reducing excessive costs involved in
physical transactions. By having an online payment gateway,
companies can give their clients an option to pay online at any
time and make a hassle-free process. It also helps in reducing
the significant amount of paper.
QIB Corporate and SME clients can easily
apply by submitting a request to their designated relationship
managers, or visit QIB Corporate branch and fill the agreement
form. A technical team will be handling the setup, the training,
and support related to setting up the PoS machines across
different locations and the online payment gateway. A 24/7
support team will always be available to support the businesses
onsite and online.
Mr. Tarek Fawzi, General Manager of QIB’s
Wholesale Banking Group said “With the launch of the first
Islamic PoS & Online Payment Gateway Solutions reaffirms QIB’s
position as the leading Islamic Bank in Qatar” he added “As
Islamic banking is currently witnessing a new era, QIB wants to
reassure it’s corporate and SME clients that they will continue
to leverage Fintech based solutions to provide new services and
products that would bring them innovative solutions that are
Sharia-compliant to help them grow their businesses”.
Commenting on this occasion, Mr. Nebil Ben
Aissa, CEO and Founder of QPAY said, “QPAY is very proud to work
with QIB in order to help Qatari small businesses to be aligned
with Qatar’s 2030 vision and 2022 World Cup with a cashless
electronic society. Our advanced Financial Technology (Fintech)
systems in partnership with world payment leaders such as the
Nexxo Network; enables us to implement, in Qatar, the latest
innovations in mobile and e-payment services while promoting
growth for a very healthy Qatari small business sector.”
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