QNB Group, the Official Middle East and Africa Supporter of the FIFA World Cup 2022™, has launched a new innovative solution for its merchants in Qatar, which enables them to use their smartphones instead of a POS device to accept contactless transactions instantly and easily.
myPOS is a new payment acceptance solution that is a cost-effective solution for all micro-merchants and SMEs, eliminating their need to invest in a POS device. Merchants in Qatar can now accept all credit and debit cards contactless payments, including Apple and Google Pay, directly from their own Android smartphones and smart devices, where the set up takes less than 30 minutes after signing up as a merchant.
QNB’s myPOS mobile application solution comes with various features for the merchants community, specifically the small businesses, where they can now benefit from simpler and safer transaction management that enables face-to-face contactless payments and allows them to track and manage their transactions through the innovative mobile application.
Mr. Adel Ali Al-Malki, General Manager Group Retail Banking said: “This new solution is a digital evolution that contributes towards a cashless society and provides merchants with an easy and convenient payment acceptance solution. As early as 2014 QNB introduced mPoS, an innovative tool that helped our Merchants with their everyday needs at reduced costs. We are now delighted to continue with our plans, be the leading provider of such services, supporting all micro-merchants and SMEs in Qatar. myPOS being the latest and yet more affordable digital payment acceptance solution that helps them lower their cost of business.”
He added: “We are constantly aiming at providing the latest technologies and security solutions to empower our presence and maintain our customers’ safety, and we will always remain driven in providing such technological services for merchants, especially given our great track record with strong payment acceptance businesses and products with industry expertise”.
QNB Group, currently ranked as the most valuable bank brand in the Middle East and Africa, is proud to be the Official Middle East and Africa Supporter of the FIFA World Cup 2022™.
Through its subsidiaries and associate companies, the Group extends to more than 30 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 operating through 1000 locations,