Commercial Bank recognized by Visa for leading eCommerce growth in Qatar

​Bank also announces launch of digital payment service, Visa Checkout, for more seamless online shopping experience

 

Doha, Qatar: Commercial Bank, Qatar’s first private bank, is pleased to announce that it has received an award from Visa, the world’s leader in digital payments, for highest eCommerce growth in Qatar. The award recognises excellence among Visa card issuers in the market that drive eCommerce business growth through best-in-class products, innovation and constant customer engagement.

Commercial Bank EGM, Head of Retail and Consumer Banking, Amit Sah said: “We are delighted to win such a prestigious award from Visa, the world’s leader in digital payments. Commercial Bank has a long and proud strategic relationship with Visa which has allowed Commercial Bank to offer superior products and services in the local market, backed up by top quality service.’’

 

Ms. Roya Khajeh, Commercial Bank AGM and Head of Cards and Payments said: “This award is testament to Commercial Bank’s commitment to offer a diversified range of payment solutions to our customers and we will continue to focus on e-commerce, where we are seeing a clear shift in our customers’ preferred mode of transaction. E-commerce is growing in Qatar and Commercial Bank has worked closely with Visa to make e-commerce transactions safer and more convenient. We were one of the first banks to offer a dynamic OTP based 3D-Secure online feature to our cardholders and we are now offering Visa Checkout to make e-commerce transactions faster and even more secure.”

 

Shahebaz Khan, Visa Country Manager for Qatar, said, “Consumers in general are increasingly demanding secure and easy-to-use digital payments when making purchases online – this is of course true as well for Qatari cardholders. Commercial Bank has been playing a leading role in driving eCommerce in Qatar and we are delighted they are offering Visa Checkout to its customers who can now enjoy a consistent, simple, and secure shopping experience across any device – desktop, mobile and apps.”

 

Enrolling in Visa Checkout is a simple, one-time process, taking only a few minutes. Consumers simply store their shipping and payment information in a secure account with Visa once, and they never have to re-enter it again when shopping online at all merchants globally who offer Visa Checkout.  Users simply enter a username and log-in to pay, rather than a 16-digit credit card number and expiry date at every transaction. 

 

Customers can enroll in Visa Checkout on www.cbq.qa website, Visa.com (https://qa.visamiddleeast.com/en_QA/pay-with-visa/vco.html) or the website of any online retailer subscribed to the digital payment service.