Qatar International Islamic Bank (QIIB) launches QMP eWallet - Qatar Mobile Payment System

• QIIB first Islamic bank in Qatar to provide this service to both non-customers and customers
• Omar al-Meer: The e-wallet represents a qualitative addition to the extensive array of digital services provided by the bank.

QIIB announced the launch of its latest contactless payment solutions- QMP eWallet, giving clients the ability to enjoy an instant payment service inside Qatar through the Bank's mobile application, round-the-clock, and without the need for any card or cash.

Digital e-wallets are a safe and reliable payment solution, introduced as part of the electronic payment services and solutions approved by Qatar Central Bank (QCB) to encourage the current dynamic trend of digital economy, increase the security of financial transactions and reduce dependence on cash payments.

This new digital service constitutes a pioneering step forward in the digitisation of various kinds of payment transactions, as well as an ideal solution for various categories of retail and corporate clients.

Customers may subscribe to this service through the QIIB mobile application, to benefit from many advantages, including instant fund transfers within wallet accounts, receiving funds from other eWallet accounts, and making transfers from eWallet account to a bank account, round the clock, without any hindrance or delays.

Moreover, non-QIIB customers can also benefit from this service by following specific procedures and visiting one of the bank's multiple branches across Qatar.

This makes QIIB the first Islamic bank in Qatar to offer the QMP eWallet service to both non-customers and customers.

Commenting on the launch of the QMP eWallet service, Mr. Omar Abdulaziz al-Meer, Head of Business Development and Alternative Channels, said: "We are pleased to continue implementing our plans so as to provide our customers with the best services available, while still giving great momentum to digital transformation services and products. Today, we launched this service as a qualitative and valuable additional option for a wide base of retail and corporate clients looking to benefit from the latest and best services offered in the global banking sector."

He also added, "The new service makes banking transactions much easier, as payments are made using a mobile phone and a phone number only, without any bank card. Customers can now make easy, fast and secure transfers either within their wallet account or directly to a bank account, or to a mobile wallet. They will also get instant notifications about their eWallet account activity on their mobile with SMS banking service and through e-statements available on our mobile application."

Mr Al-Meer invited customers to benefit from this service and other integrated services provided by QIIB, which are offered as part of the bank's effort to keep pace with the growing demand for digital banking services and contactless solutions to adapt its services to customers' expectations and aspirations.

Mr. Al-Meer concluded by saying, "The Bank will continue to offer the best technology solutions to its customers and will dedicate more efforts to completing its digital transformation plans, in which it has already made great strides. This allows our customers to experience its many benefits through the various positive improvements that were applied to a bouquet of our world-scale banking services and products."