Commercial Bank, Qatar’s first private bank, has partnered with Xpress Money, a global remittance solutions provider, to launch an easy to use mobile remittance app for Commercial Bank’s PayCard customers.
A PayCard customer needs to download the app on his mobile phone (iOS or Android) and register a beneficiary with a one-time Pin (OTP) verification and validation process. The customer is now ready to send money, check the rates, view his balance and statements, and change his pin. The process is fully compliant with Qatar Central Bank regulations.
Remitting money via the mobile app has many advantages and benefits to PayCard customers, as it eliminates the need to spend time in long queues at ATMs and exchange houses. Through Xpress Money, the app has global reach across geographies and customers can remit money in real time, 24/7.
PayCard is based on secure chip and PIN technology typical of other Debit and Credit Cards, significantly increasing security.
Source: The Peninsula
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