DOHA: Commercial Bank, one of Qatar’s leading lenders, yesterday announced the launch of mPOS (Mobile Point of Sale), a new way of accepting payments specifically designed to support merchants’ growing use of mobile devices, according to a press statement.
Commercial Bank continues to pioneer innovation-led banking solutions and with mPOS, merchants of all sizes can now accept and process payments anytime, anywhere.
mPOS is a new solution designed specifically for smaller businesses, allowing merchants to use their mobile phones as a Point of Sale device to accept Debit and Credit Card transactions. mPOS transforms mobile phones into a highly secure card acceptance device using a Commercial Bank mPOS application and a pocket-sized device that facilitates magnetic stripe and Chip & Pin transactions.
In addition to supporting all types of cards: magnetic stripe and Chip & Pin cards, Commercial Bank’s mPOS solution also provides a merchant portal for online control of payments and reporting.
Commercial Bank EGM, Head of Retail and Enterprise, Dean Proctor said: “In today’s economic environment, retail businesses are looking for secure, easy and portable ways to confidently accept payments beyond just cash and promote their business to a broader customer base. With Commercial Bank’smobile Point of Sale (mPOS) solution, we are making it even easier for business owners to accept secure payments anywhere.”
The Peninsula
