PayCard
PayCard is a superior payment solution that helps to streamline payroll processing.
/checklist/authenticity.png?h=512&iar=0&w=512&hash=26F936525A7AE145085017B6C7576AFC)
/checklist/criteria.png?h=512&iar=0&w=512&hash=4FC5340A45E82ABD332F68B35AA122C1)
/checklist/discount.png?h=512&iar=0&w=512&hash=08482E2BBD77FA46F1EC81725F8A1435)
Benefits to the employer
Simplified Payroll
Simplified payroll disbursement process for employer
Ideal Solution
Ideal solution for company’s non-banked employees
Eliminates Risk
Eliminates risk of cash handling and distribution
Value added Benefits
Provides value added benefits to employee
Benefits to the employee:
- Cash is immediately available on pay day.
- Ease of use as well as safe and convenient money management.
- No risk of carrying cash.
- 24 hour access to cash at all ATMs in Qatar.
- Shop at all merchant outlets in Qatar.
- International money transfer using the CBQ Mobile App.
How it works?:
- The company signs an agreement with Commercial Bank and provide their employees’ details in a specified format in order to issue them with a PayCard.
- At regular agreed intervals, the company instructs the Bank on the amount of salary to be posted to each employee’s account.
- Bank credits the salary to the employee’s PayCard and deducts the same from company account.
- Employees can then use PayCard to withdraw cash or use it for purchases at merchant outlets.
- A customized mobile app for PayCard holders.
- Provides full access to customer account: view balance, check transactions history, block card if lost.
- Allows customers to send money anywhere anytime instant cash and account transfers.
Eligibility:
- Customers with a salary below QAR 4,000.
- Corporates should have an account with Commercial Bank.