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Commercial Bank wallet helps Qatar move towards cashless society

Commercial Bank wallet helps Qatar move towards cashless society

Banking & FinanceMore NewsQATAR
Writing note showing Cashless Society. Business concept for financial transactions are executed in electronic format

Commercial Bank in Qatar has launched CB Wallet, the country’s first mobile contactless payment wallet. CB Wallet acts as a digital wallet, allowing credit and debit cardholders to pay for items in stores conveniently and securely using their mobile phones.

Customers can also use CB Wallet when shopping online and to manage their cards anytime, anywhere using Commercial Bank’s mobile application.

Joseph Abraham, Commercial Bank Group Chief Executive Officer, said: “Commercial Bank is the leader for digital payments in Qatar and we continually invest in new technologies to make transaction banking a simple and secure experience for our customers. As customers can now pay using their mobile phones for the first time, the launch of CB Wallet will help Qatar achieve its vision of becoming a cashless society.”

CB Wallet follows Commercial Bank’s introduction of contactless cards in 2018 and represents a significant development in Qatar’s cashless ecosystem and e-commerce market.

CB Wallet provides key benefits for customers such as speedy online payments both locally and internationally, quicker payments in stores, additional control on cards and usage, and a safe, simple and quick online payment experience.

For merchants, CB Wallet helps to boost revenues and reduce operating costs, improves speedy and easy payments for customers at point of sale transactions through android phones and offers better customer service.

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