QNB & Mastercard unite to launch ‘myPOS’ payment service on smartphone

QNB & Mastercard unite to launch ‘myPOS’ payment service on smartphone

Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa, and Mastercard, a technology leader in the global payment industry, have partnered to launch “myPOS” tap-on-phone service, a new service for micro and small businesses, which allows business owners to accept payments for their products or services through a smartphone.

The service, powered by Mastercard, is a simple, convenient, and cost-effective digital payment technology that supports the needs of small merchants. The solution transforms smart devices into payment-acceptance devices.

This partnership marks a new milestone between QNB and Mastercard while reflecting the bank’s vision to promote an omnichannel environment through the development of innovative, affordable and convenient payment solutions.

The QNB “myPOS” tap-on phone service turns Android smartphones into secure payment acceptance devices for contactless cards, mobile wallets and smartwatches, with no additional equipment or setup-related costs. Businesses can simply download the mobile app and offer it to their customers immediately providing consumers with a checkout experience that is flexible, seamless, intuitive, and secure.

Adel Ali Al-Malki

General Manager

Group Retail Banking

QNB Group “As one of the largest financial institutions in the Middle East and Africa, we remain committed to connecting merchants with innovative solutions that will drive wider payment acceptance. We