Commercial Bank Globally First Acquirer To Enable VIS On Ecommerce Via Visa Acceptance Solutions

Doha, Qatar: Commercial Bank, a leader in innovative digital banking solutions in Qatar, has partnered with Visa, a world leader in digital payments, to launch the Visa Installments Solution (VIS) in Qatar.

Commercial Bank is the first merchant acquiring bank globally to offer this innovative solution for eCommerce through Cybersource, a Visa Acceptance Solutions offering. This milestone allows credit cardholders in Qatar to access convenient installment payment options when shopping online.

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Shahnawaz Rashid, EGM and Head of Retail Banking of Commercial Bank, said“We are excited to be the first merchant acquirer globally to bring Visa Installments to the eCommerce space through our partnership with Visa.

“We are delighted to see Visa Installments Solution officially live in Qatar. This is the result of Visa's efforts in line with the Qatari government's digital commerce agenda to enable local banks and merchants in bringing innovative solutions to the country's retail sector, said Dr. Saeeda Jaffar, Visa's SVP and Group Country Manager for GCC.

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