QNB Group, the largest financial institution in the Middle East and Africa, has launched a new option, allowing its credit cardholders to have their credit card as a virtual card for a “complete control, safety, and hassle-free experience.”
The launch comes as part of the bank’s commitment to limit the use of plastic cards and to encourage digital products for a safer and innovative experience as well as being environmentally cautious.
According to the statement, QNB credit cardholders can easily obtain their virtual credit card using QNB Internet and Mobile Banking services.
The virtual credit card will be generated dynamically with additional layers of security and instantly activated and will be made available for use in their smartphones and their digital wallet to ensure a secure and seamless payment experience without the need for card printing and delivery.
Mr. Adel Ali al-Malki, senior executive vice-president of QNB Retail Banking Group, said that, ‘In an era of consistent increasing demand for digital banking products, we are pleased to introduce the most technologically advanced payment products for our customers. We will continue to deliver the best-in-class products and services, which provide our customers with the highest levels of safety and security.
“The introduction of this new product is also in line with QNB Group’s environmental, social, and governance (ESG) commitments making it an ideal payment option, and we are confident that customers will continue moving from traditional payment methods to electronic ones as part of our sustainability framework and strategy,” Mr. Ali al-Malki added.