A NEW BANKING INNOVATION
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.”