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September 23, 2010updated 04 Apr 2017 4:16pm

QNB launches first m-payments in Qatar

Qatar National Bank (QNB) has launched mobile banking service eazypay, the first mobile-to-mobile payment system offered in Qatar Eazypay is a real-time payment system that allows retail customers to transfer funds to friends and family using their mobile phones Transactions are completed using a simple SMS text message allowing payment to any other QNB registered individual

By Sarah Fitzmaurice

Qatar National Bank (QNB) has launched mobile banking service “eazypay”, the first mobile-to-mobile payment system offered in Qatar.

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Eazypay is a real-time payment system that allows retail customers to transfer funds to friends and family using their mobile phones.

Transactions are completed using a simple SMS text message allowing payment to any other QNB registered individual. No account details are required.

Payments are made using the recipient’s mobile phone number and the funds are transferred in real time with confirmation text messages sent to both sender and receiver.

The bank also plans to extend the service by offering businesses and government entities access to the technology. For the corporate market, it will provide additional support services to supplement QNB’s existing e-payment solutions with mobile payment options via eazypay.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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