Abdelkhalek: POS to strengthen al khaliji customers’ transactional banking offering.

And now, corporate and commercial customers of Al Khalij Commercial Bank (al khaliji) can avail of the bank’s merchant acquiring business (POS), which allows them to receive payment through debit or credit card at their outlets.

“As the government continues to further encourage electronic payments for its services, the per capita use of non-cash service methods of payment has steadily increased. Non-cash transaction volumes have maintained an upward trend thereby boosting the need for merchant POS services. The merchant acquiring services will serve this trend,” said al khaliji group chief business officer Mohamed A Abdelkhalek.

Abdelkhalek said the bank was offering POS to its target customers in order to strengthen their transactional banking offering, enabling customers to divert receivables to a centralised cash pooling account maintained with the bank.

He added that the bank’s POS terminals, through which transactions can be made in Qatari riyals or US dollars, will be installed  for customers in hotels, department stores, restaurants, hypermarkets, travel agents, schools, hospitals and other service providers.

“Our merchant acquiring service comes with well-structured solutions and offers businesses and its employees an incentive to promote cashless transactions. al khaliji is offering state-of-the-art high-speed POS devices and solutions, fraud protection, multiple settlement options, including Intra Day Credits and competitive and flexible pricing and merchant employee benefit schemes to promote card transactions,” Abdelkhalek explained.

He added that the bank is offering a “comprehensive and an end-to-end solution” to manage POS and electronic payment transactions for its clients. “Our secure and customised services will help us better serve our clients,” he said.