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April 13, 2020

Commercial Bank unveils service to enable digital remittance for employees

Qatari lender Commercial Bank has introduced the CB SMART Payroll service to support companies in helping their employees make digital international money transfer.

Commercial Bank EGM and head of Retail Banking Amit Sah said: “Commercial Bank has a leadership position for digital payments in Qatar.

“Following the success of our international remittance service, where we send money in minutes directly to bank accounts in multiple countries, we see this service as a natural extension and complements how we help all customers transact digitally.”

Through the service, a company processing their worker payroll payments with Commercial Bank can support money transfer for their staff and paycard holders.

The service is being offered via a web-based smart form. This is said to lower errors in funds transfer request submission.

Commercial Bank group CEO Joseph Abraham said: “Companies that bank with us or use us for their Workers Payrolls can now access this online solution.

“CB SMART Payroll enables companies to assist their workers in making international remittances in a safe and secure way.”

The bank also rolled out the CB Household Worker PayCard intended to manage the salaries and remittance of household workers.

One can apply for the offering through the mobile banking app of Commercial Bank.

The offering can be used to credit salary on a monthly basis and transfer money on behalf of the domestic worker to their beneficiaries staying overseas through the bank’s digital 60 Second Remittance solution.

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