Commercial Bank launches CB VPOS for merchants – The Peninsula

Commercial Bank launches CB VPOS for merchants – The Peninsula

Doha: Commercial Bank, once again leads the way in reshaping the banking experience for customers, with the launch of the first of its kind cards payments acceptance solution in Qatar, the Virtual Point of Sale “CB VPOS for Merchants”.

“CB VPOS for Merchants” is a mobile solution which converts an Android mobile phone into POS terminal that allows merchant customers to accept contactless card payments in a safe, easy and convenient manner without the need of any additional hardware.

While this new digital payment solution will be available for all merchants, Commercial Bank is looking to help increase the acceptance of cards in the cash dominant businesses such as small merchants, registered home businesses, small micro merchants, grocery shops, coffee shops and many others. At checkout, the merchant will simply prompt the customer to tap their contactless credit or debit card, or any other digital wallet or phone on the merchant’s CB VPOS, and the payment will be securely completed using Near Field Communication technology “NFC”.

Commenting on the launch, Amit Sah, EGM Retail Banking said: “The CB VPOS for Merchants solution is part of Commercial Bank’s ongoing journey in innovation to increase the cards acceptance in the country especially during the FIFA