The Peninsula
DOHA: Commercial Bank has announced that customers using their newly released contactless Credit and Debit Cards have made 100,000 taps at their favourite local and international outlets to make their day-to-day payments.
Commercial Bank within a short period of six month of launching contactless ecosystem of Credit and Debit Cards and POS terminals to the Qatari market, has reached the 100,000 taps milestone, demonstrating this new technology’s rapidly growing uptake.
Commercial Bank plans to issue approximately 200,000 contactless cards and increase the number of contactless accepting terminals in its merchant network to over 5,000 by the end of 2018 at leading retailers.
Contactless cards are a fast, easy and secure way to pay for purchases by simply touching your card on a reader, and a PIN is not required if the value of the transaction is below QR100.
Transactions are much faster compared to cash, making contactless “Tap N’ Pay” an important feature for supermarkets, fast food outlets, mass public transport, ticketing and sporting events in many parts of the world.
Credit: The Peninsula Qatar
URL:https://www.thepeninsulaqatar.com/article/07/08/2018/Commercial-Bank-contactless-cards-reach-%E2%80%98100,000-taps%E2%80%99-milestone-1