QNB Brings China Union Pay to Qatar

Posted on : Sun, 29 July 2012

Qatar National Bank (QNB), the largest financial institution in the State of Qatar and the MENA region, has started accepting China Union Pay (CUP) Cards on its Point Of Sales (POS). This follows an agreement that was recently signed with CUP, the largest Card Scheme in China and Asia.

This new service enables holders of the CUP cards visiting the country , to  use  their  cards easily in various POS., The step will open new horizons between QNB and CUP in the future. China Union Pay is now available in 127 countries worldwide, including Qatar.  This relationship will be expanded to cover other channels like QNB’s Internet payment gateway and its wide network of ATMs in Qatar.

QNB is a leader in the POS and E Acquiring (Electronic payments) business in Qatar. Recently it has successfully launched the Tap and Pay contactless cards and became the first bank to enable customers to pay for purchases with their contactless cards. Additionally, QNB was the first acquirer to launch Dynamic Currency Conversion (DCC) in Qatar. DCC enables merchants to offer overseas cardholders the choice of paying for their purchases either in Qatari Riyals or in their local billing currency at the POS itself. QNB now accepts more than 25 international currencies and are MasterCard/Visa compliant.

QNB Group is always looking for new ventures that expand its international reach, so the Bank positions itself as the best choice for those who look for unique banking services.