Posted on January 28, 2020

For the first time in Qatar, Qatar Islamic Bank (QIB) collaborated with the global leader in digital payments, VISA, to provide VISA Transaction Control (VTC), an innovative feature that gives QIB VISA credit cardholders more control, safety and security over their cards through QIB’s mobile app.

Through the new innovative service, which QIB has now made available in the Qatari market, credit cardholders have the power to set convenient and effective spending and security controls using a simple on/off feature through QIB’s award-winning Mobile App. Any changes made are reflected instantaneously on VISA’s global network, providing certainty and a peace of mind to our customers. Not only local, but the new features make traveling a lot easier for QIB customers, allowing them to be in charge of their VISA usage and overall spending when overseas. Through simple activations on the Mobile App, the customer is in control of their Visa cards, without having to contact customer support or visiting a branch.

With VTC, cardholders can activate or deactivate their credit cards or choose to enable and disable specific features of their VISA credit cards directly on their payment network, through QIB’s Mobile App. If customers don’t want to use their cards for online purchases, they can disable online transactions and enable it only at the time of purchase. VTC also allows cardholders to activate or deactivate ATM cash withdrawals, POS transactions and international usage. The innovative feature will allow customers to utilize their cards as they see best, giving them full control over any transaction. Furthermore, cardholders looking to carry out foreign currency transactions can now view VISA foreign exchange rates real time on QIB’s Mobile App.

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Commenting on this new milestone for the Bank, QIB’s Personal Banking Group General Manager, D. Anand stated: “At QIB, our team works very hard to make sure that we bring our customers the most innovative products and services to simplify their banking experience and make it as smooth as possible. With VTC, being offered to the local market for the first time, we’re giving customers full control, safety and security over their cards, all of which can easily be managed digitally through our App and linking through an API to global payments network of VISA. These first-in-Qatar features made available on our App, will ensure that our customers are getting the best digital banking solutions out there, to accommodate their financial requirements.”

“We are delighted to see QIB be the first in Qatar to offer Visa Transaction Controls to our cardholders, which will help provide them peace of mind through innovative spending controls, and more effective fraud prevention,” said Marcello Baricordi, Visa’s General Manager for Middle East and North Africa. “With new digital commerce experiences emerging daily, it’s important that we provide easy and convenient ways for consumers to direct and monitor how their accounts are used and help better secure the payment system.”

To download the QIB Mobile App, customers can visit Apple App Store or Google Play Store and search for the keyword: QIB Mobile App. Customers can easily self-register using their debit card number and PIN.