Posted on : Thu, 30 Dec 2010

QNB customers can now pay for purchases with just an SMS

Doha, 30 December 2010 –QNB today announced a significant upgrade to the eazypay mobile payment solution to include merchant transactions as part of the eazypay solution. The service allows merchants to complete customer transactions via mobile telephones.

QNB is the only bank in the country that offers a mobile payment service. It can be used as a substitute for transactions that currently require payment by cash, cheque or credit card.

Having launched the service in September 2010, QNB has now extended the service to offer businesses access to this revolutionary technology. The Bank also plans to include additional support services for merchant transactions with more mobile payment options which will be available via QNB eazypay.

This new feature adds more flexibility to QNB’s eazypay solution which already allows retail banking customers to transfer funds to friends and family using their mobile phones.

QNB eazypay is a real-time payment system, connected to the customer’s bank account that allows users to transfer funds up to QR2000 per day.

The transactions are carried out over secure and user-friendly networks. It also benefits from 24-hour support from the Bank’s Customer Care Center, in case customers require further guidance.

The initial payment request can now be requested by either the merchant or the customer, provided both merchant and customer are registered with QNB to benefit from the eazypay service.

In addition, individual customers wishing to transfer money to their friends and family can continue to use the eazypay service to transfer funds to any other QNB registered individual simply by knowing the recipient’s mobile phone number. All transactions using eazypay will be denominated in Qatari Riyals.

Merchant initiated transactions will further have to be approved by the customer and the funds are transferred almost instantly.

Merchants in Qatar wishing to sign up for the eazypay service will be required to first endorse QNB’s Mobile Commerce (M-commerce) agreement.

QNB’s retail banking customers using the service for the first time must register by calling the Customer Care Centre (44407777) to receive an SMS with instructions on how to activate the eazypay service.