Qatar National Bank has become the first Qatari bank to facilitate electronic payments via smartphone in the country.
QNB is offering Visa Ready mPOS solution Switch mPOS, a secure device which processes cardholder-present payments by connecting to smartphones via Bluetooth, according to a Gulf Times report.
“QNB’s mPOS solution will provide retailers offering home delivery, merchants at exhibitions, VIP services, transportation, and restaurants with a new payment channel that is easy to install,” said Heba al-Tamimi, general manager of retail at QNB Group.
“By launching the Swiftch mPOS solution in Qatar, we are attempting to do our part in providing safer, more transparent money transaction options,” said Mohanish Agni, head of merchant sales and solutions in the Middle East and North Africa for Visa. “This is not merely the launching of a new service, but, rather, a concrete step towards developing the financial sector at large by bringing a new solution to the market that will help us in the process of including more merchants in the financial system.”
The Visa Ready programme provides a framework for collaboration with Visa, allowing hardware and software manufacturers to develop electronic payment devices, software and solutions in line with Visa requirements in each country.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.