DOHA: Qatar Islamic Bank (QIB) received the “Best Prepaid Product in Qatar” award from Visa for its reloadable Prepaid Card. The card has been receiving excellent feedback from its users since its launch back in November 2017.
Instantly available at any QIB Branch, the Prepaid card caters to customers allocating money to family members, including children studying abroad, and domestic helpers responsible for the daily household expenses and groceries. The card can also be used by corporate entities to manage the daily company expenses, bills, government fees or general expenses of their employees. The Prepaid card encourages proper expense management and allows customers to monitor their spending whether it is personal or business-related. The prepaid card also enables customers to reload it instantly through QIB Mobile App, internet banking, call center or any QIB branch.
Commenting on the Best Prepaid Product Award, D Anand, General Manager of the Personal Banking Group, said, “We would like to thank Visa for this recognition. This represents the prestigious position that QIB has achieved in terms of offering the best Sharia-compliant paymentsolutions to the people of Qatar.”
Shahebaz Khan, Visa’s Country Manager for Qatar, said: “We are delighted to present this award to QIB for their Prepaid Card, which is helping drive Prepaid usage in Qatar. It is well-suited for a wide range of consumer and commercial needs, and as with any prepaid card, not only is this product safer than cash and accepted worldwide at over 46 million merchants, but it is also an effective way to manage and track spending.”
