A NEW BANK­ING IN­NO­VA­TION

Qatar Today - - BUSINESS > BANK NOTES -

The first con­tact­less credit card in Qatar was launched last month by Ahli bank and Master­Card. In a move which does away with the need to sign or en­ter a PIN code, the bank's con­tact­less Ti­ta­nium Master­Card Credit Card can be used for low-value pur­chases of QR100 or less with just a tap.

The bank said the new fea­ture will pro­vide cus­tomers with a faster and se­cure way to pay at point-of-sale ter­mi­nals at re­tail­ers dis­play­ing the con­tact­less logo. “I am de­lighted that we have in­tro­duced the first con­tact­less credit card in Qatar with Master­Card. This her­alds a global pay­ments revo­lu­tion that is now com­ing to Qatar,” said An­drew McKech­nie, Ahli Bank's Deputy CEO – Retail Bank­ing, ad­ding that over 300 POS ter­mi­nals are in oper­a­tion in Qatar and are avail­able at re­tail­ers in all the main shop­ping malls. McKech­nie also said, “We ex­pect the num­ber of ter­mi­nals and con­tact­less credit card us­age to grow rapidly, as it has in other mar­kets where con­tact­less pay­ments have been launched.”

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