Qatar Islamic Bank (QIB) is one of the
first banks in Qatar to go live with the mPay digital wallet initiative on its
mobile app. The new payment method supports the efforts led by Qatar Central
Bank to achieve a safe, secure and cashless economy, ahead of the FIFA World
Cup Qatar 2022 and beyond.
Available to all QIB customers, QIB's mPay
digital wallet provides a cashless and card less payment gateway within Qatar.
QIB customers can activate their mPay digital wallet through its award-winning
mobile app, which will be linked to their mobile number. Once activated,
customers can easily load money on their mPay wallet using their QIB accounts.
With a loaded mPay digital wallet,
customers can make instant transfers to other wallets within QIB, or the wallets
of customers at other banks that are registered on mPay, by simply entering the
beneficiary mobile number from their phone ‘Contact List'. Similarly, QIB
customers can receive funds on their mPay wallet from any other mPay wallet.
Customers can also choose to move their cash from their mPay wallet back to
their QIB accounts at any time, easily, through QIB's mobile app.
Commenting on the launch, D. Anand, QIB's
General Manager - Personal Banking Group said: 'At QIB, we are dedicated to
make our banking solutions available at our customer's fingertips, by
digitizing all of our products and services. mPay digital wallet is an
innovative payment feature that further enhances our customers' mobile banking
experience and revolutionizes daily transactions. Our customers will be able to
send and receive money, as easily as sending an SMS. He added: 'We are
committed to supporting Qatar Central Bank in achieving its vision to create a
safe, secure and cashless economy ahead of the FIFA World Cup Qatar 2022.
The mPay digital wallet payment solution
provides customers with a range of benefits and features such as the ability to
make payments easily through a secured channel, cashless and cardless
transactions, reduced fees, receiving transaction details, statement inquires,
and SMS notifications for any transaction made. Soon, the mPay digital wallet
solution will offer enhanced services such as paying merchants or bills, and
withdrawing cash from ATMs, all directly through the wallet.
The QIB Mobile App has undergone an immense
transformation over the years, to keep up with the hyper-connected, online
world. Updates regularly made on the app make it easier than ever to bank on
the go, 24/7, as they were developed to meet the customers' daily banking
requirements.
In recognition of the bank's digital
transformation results, QIB was recently named 'Best Digital Bank in Qatar by
the Asian Banker, and 'Qatar's Most Innovative Digital Bank as well as 'Qatar's
Best Consumer Digital Bank by Global Finance. QIB was also awarded 'Digital
Bank of the Year 2020 and 'Best Mobile Banking Application 2020 in Qatar, by
The Asset Triple A.
To download the App, customers can visit
Apple App Store or Google Play Store and search for the keyword: QIB Mobile
App. Customers can easily self-register using their debit card number and PIN.