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QNB is offering its customers a high-end Tap & Pay solution powered by Near Field Communication (NFC) technology, it was announced yesterday.
The NFC sticker payment service allows customers to make transactions that are less than QR100 by simply tapping it. The new technology gives customers the convenience of paying without having to pull out a card, memorising a PIN code or paying in cash.
The innovative technology shares the same level of protection and security as a regular chip and PIN transaction. Customers can apply to get an NFC sticker from QNB’s card centre located in West Bay. The sticker can be applied to a smartphone, card, key chain or any other object.
NFC technology works by establishing radio communication between the Point of Sale (POS) and the sticker card, when they touch or are into very close proximity with one another.
QNB has recently been named ‘Best Transaction Bank in Middle East and Africa’ by The Asian Banker, ‘The Best Bank in the Middle East 2015’ and ‘The Best Bank in Qatar 2015’ by the renowned international finance magazine, Euromoney.
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