QNB Group has launched a new virtual card for credit card holders furthering the bank’s push to limit the use of plastic cards and encourage digital products
The virtual credit card will be generated dynamically with additional layers of security and instantly activated, and will be made available for use in users’ smartphones and their digital wallet. This ensures a secure and seamless payment experience without the need for card printing and delivery, the bank said.
Mr. Adel Ali Al-Malki, Senior Executive Vice President of QNB Retail Banking Group said: ‘In an era of consistent increasing demand for digital banking products, we are pleased to introduce the most technologically advanced payment products for our customers. We will continue to deliver the best in-class products and services, which provide our customers with the highest levels of safety and security.
He added: “The introduction of thisproduct is also in-line with QNB’s ESG commitments making it an ideal payment option, and we are confident that customers will continue moving from traditional payment methods to electronic ones as part of our sustainability framework and strategy.”
The virtual card follows further recent enhancements to QNB’s digital ecosystem. In October, the bank launched a new Payment Gateway which was the first locally established service of its kind in Qatar.
The card acceptance solution is designed to help local merchants simplify e-commerce payments with services such as e-invoicing solutions, local and international digital wallets, online acceptance of QNB loyalty points, and its online installment plans for merchants’. Through the new service, QNB Group is aiming to improve the speed of processing transactions whilst helping local businesses become more connected to their international customers.
