(MENAFN- The Peninsula)
The Peninsula
Vodafone Qatar has partnered with Qatar Islamic Bank (QIB) and QPAY International LLC, one of Qatar's largest financial technology (FinTech) service providers, to make the telecom operator's electronic recharge and bill payment services available via their QIB select Point of Sales (POS) machines.
Amidst the pandemic, the demand for payment innovation has grown, including customer preferences toward electronic payments for services, such as bill payments. Qatar's national FinTech Strategy also aims to improve digital payment platforms and other services, by leveraging the newest technologies.
Commenting on the partnership, Vodafone Qatar's Chief Operating Officer, Diego Camberos, said: 'We're pleased to partner with QIB and QPAY to offer Vodafone's customers the convenience of accessing our services in a larger number of outlets. Digitalisation underpins our Company strategy and we have established a strong network of retailers across the country that are adopting our digital service offerings in their operations. In turn, such digital transformation has benefits for virtually every kind of business.
Commenting on the announcement, Tarek Fawzi, QIB's Wholesale Banking Group General Manager said: 'QIB is proud to be partnering with QPAY International and Vodafone Qatar in launching another innovative digital payment initiative. This new solution comes in line with QIB's digital transformation strategy, and within our commitment to empower the FinTech ecosystem in Qatar in offering the easiest and most secure cashless services. QIB is committed to leading the digital banking transformation in the local market by introducing innovative digital solutions to all its customers when it comes to Point of Sales (PoS), digital wallets and mobile and internet payments, and we pride ourselves offering products and services that contribute to the digitization of the financial services in the country.
From his end, Nebil Ben Aissa, CEO of QPAY International LLC, said: 'We are proud of our new partnership with Vodafone that will offer great benefits to both consumers and small businesses using our innovative Fintech solutions. With the support of QIB, offering 100 percent cashless applications which digitise billing and top-up is a great demonstration of our relentless commitment to digitizing Qatari society in line with Qatar's 2030 vision for a paperless and digital society.
With a sizeable presence in a number of hotels, restaurants and cafeterias, QIB POS machines accept both credit and debit card payments and can be identified with the help of Vodafone's recognisable branding.
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