Doha, Qatar: Commercial Bank, the first Qatari private bank, announced today, that following its successful launch of its Mobile Point of Sale solution (mPOS) towards the end of the year 2014, it has agreed to roll out its innovative mPOS solution across all Papa John's outlets in Qatar. Papa John's has a total of 17 stores located across Qatar and has confirmed the roll-out of mPOS across all its stores.
Commercial Bank is Qatar's leading provider of innovative payment solutions and as the largest acquiring bank in Qatar processing Debit and Credit Card payments, the Bank handles the majority of the retail sectors' Point of Sales transactions.
Commercial Bank's mPOS solution is a device that connects to a merchant's mobile phone using Bluetooth and allows the phone to process Debit and Credit Card transactions. This new solution is designed for all types of businesses and enables card payments where cash was previously the only option. Merchants can use their mobile phones to accept payments by simply using the pocket-sized mPOS device and downloading Commercial Bank's mPOS application that is available on the Android & Apple online stores.
The great advantage of mPOS is the convenience of transactions taking place via a mobile phone, allowing sales to be made on-the-go, anywhere within or outside a store and can be used to pay for cash-on-delivery services.
mPOS is highly secure, with data between the device, mobile phone and bank sent in an encrypted format where no customer card information is stored on the mobile phone itself. In addition to supporting all types of cards: magnetic stripe and Chip & PIN cards, Commercial Bank's mPOS solution also provides the merchant with an online portal to track his/her card acceptance business online, rather than through paper statements. By using mPOS, not only can merchants increase customer loyalty by accepting a wider range of payments, but they can do so cost effectively, thereby lowering the cost of cash handling and the cost of expanding their terminal network.
Dean Proctor, Commercial Bank EGM, Chief Consumer & Private Banking said: "Commercial Bank was one of the first banks in the region to launch the mPOS solution late in 2014, and the take up of this product by our customers has been very positive. Feedback from our customers is that the solution is safe, secure, easy to use and provides them with a payment solution option that they do not have today. The mPOS roll-out continues to go from strength to strength and we are delighted to be able to extend the roll-out even further by launching mPOS across Papa John's."
Jawad Business Group, owner of the Papa John's franchise in Qatar commented: "Papa John's Pizza is the preferred pizza brand in Qatar operating on the principles of "Better Ingredients Better Pizza." The MPOS solution provided by Commercial Bank will offer seamless payment opportunities to our customers. This is particularly relevant to our delivery business which is a key channel for the pizza business."
-Ends-
For more information, please contact:
Qatari media
Ibrahim Al-Emadi
Head of Corporate Communications
Commercial Bank
Tel: +974 4475 4748
Email: ibrahim.alemadi@cbq.qa
About Commercial Bank
Commercial Bank has total assets of QAR 116.1 billion as at 31 March 2015. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 29 full service branches and 154 ATMs.
Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3 billion as at 31 March 2015, has 61 conventional branches and 4 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 26.5 billion as at 31 March 2015, and operates 31 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.
Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A-) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank's latest bond issuance in June 2014 is listed on the Irish stock exchange.
The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
About Alternatifbank (ABank)
ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since 1995. Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. A squeeze out has been initiated to increase shareholding to 75%. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 64 branches in 21 cities. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management.
At 31 March 2015, ABank had total assets of TL 12.4 billion, total loans stood at TL 8.6 billion, customer deposits of TL 5.8 billion and shareholders' equity of TL 987 million.
wwweng.abank.com.tr
About Jawad Business Group
Jawad Business Group, owner of the Papa John's franchise in Qatar, is a Bahrain based family owned business and operates 600 plus retail stores across the GCC States. The group operates supermarkets, fashion, home, footwear, children-wear, restaurants and coffee shop franchises in Bahrain and Qatar. The group operates brands such as Mango, Bhs, Shoe Citi, Hush Puppies, Lakeland, The White Company, Pumpkin Patch, Celio, Tape A Loiel, Camaieu, Hobbs, Origem, Dairy Queen, Papa John 's Pizza, Burger King, Costa Coffee, Chilis, Romano's Macaroni Grill in all or some of the GCC States. The Group also distributes blue chip brand such as KDD, Frito lays, Highland Spring, Americana Meat and Cakes, Ferrero Rocher, Hershey's and Evian to name a few in Bahrain and or Qatar. The Group employs around 5000 colleagues in these markets. In Qatar, the group operates 17 Papa John's Pizza stores with two more to open in the months ahead. The Group was awarded the Papa John's Franchisee of the Year award for 2014 recently. This is a testimony to the Group's adherence to the Papa John's Pizza core principles of "Better Ingredients Better Pizza".
© Press Release 2015
