Commercial Bank introduces easy contactless transactions for businesses

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The Commercial Bank of Qatar (CBQ) is one of the most well-known banks in Qatar as it provides service to many private citizens and residents of the country. As one of the trusted banks, CBQ is known to cater to the needs of different people in different communities.

This time around, CBQ has launched two platforms specific to address the needs of small businesses:

CB Paylink for Merchants
CB VPOS for Merchants

CB Paylink for Merchants

CB Paylink for Merchants is one of Commercial Bank’s new and innovative products dedicated to bringing merchants closer to their customers. CB Paylink for Merchants is great for businesses and retailers of all sizes, making transactions an easy process!

How does it help merchants?

Merchants who use Commercial Bank for their finances can easily register & download the CB Pay for Merchants app on both iOS and Android.

Through CB Paylink Merchant app, merchants can accept payments from all credit and debit card customers, who use Commercial Bank and those who don’t. Customers could pay contact-less as they use their CB Mobile App or a link sent via SMS by the merchant. Non-Commercial Bank customers have the option to pay using their debit or credit card from a different bank as long as they follow the link on the SMS as sent by the merchant.

Aside from this, CB Paylink also offers merchants to use of QR codes as their mode of payment request. Commercial Bank customers can directly scan the merchant-generated QR code using their CB Mobile App.

Features of CB Paylink for Merchants:

User management control
Payment status
Cancel Payments
History tracking

CB Virtual Point Of Sale for Merchants

CB Virtual Point Of Sale (VPOS) for Merchants is a mobile platform that solves a merchant’s transaction concerns without having to purchase or involve an additional payment device/hardware. This application transforms a simple Android mobile phone into a POS (Point Of Sale) terminal which allows contactless card payments efficiently, effectively, and safely!

Commercial Bank aims to help transition cash-dominant businesses such as small merchants, registered home businesses, small micro-merchants, grocery shops, coffee shops, and the like into establishments that can accept cards simply through their mobile phones.

How does it work?

Using CB VPOS for Merchants will allow businesses to simply ask their customers to tap their contactless credit or debit card, or any other digital wallet or phone on the merchant's application and the payment will be completed. Commercial Bank uses Near Field Communication technology or “NFC" to process the transaction.

Benefits of CB Virtual Point of Sale for Merchants:

No additional POS
Secure, easy & convenient
Easy tracking & reconciliation of payments
Reduced cash management

Aside from keeping the community safe through contactless payments, merchants could benefit greatly from these innovations provided by Commercial Bank as they are able to limit purchasing additional devices/ hardware for transactions.