This agreement comes in line with the government's intentions to replace the conventional postal stamp and cash collection system in official departments with the POS system which accepts Visa, MasterCard, and e-Cash cards.
The agreement was signed by Mr. Mohammad Ali Al Khulaifi, Assistant General Director, Retail Operations, on behalf of QNB and Mr. Muftah Jassem Al Muftah, Manager of Public Revenues and Taxes, on behalf of the Ministry of Finance and Mr. Abdul Rahman Al Ghanem representing the Council. The signing ceremony was also attended by representative officials from both signing parties.
Adopting this system will elevate the quality of services offered in the state's departments, especially that the new collection system makes use of the latest data technologies.
QNB, the country's leading financial institution, had launched the pre-paid electronic card, e-Cash, in May 2005 with the cooperation of the ministries of Finance and Interiors.
The e-Cash card is valid for two years from the date of purchase and can be recharged by QNB representatives in dedicated locations of QNB branches such as The Mall and City Center and QNB external branches, as well as dedicated QNB ATM machines.
According to the signed agreement, QNB will assign permanent employees for the purpose of issuing the e-Cash card and recharging it, in addition to providing the governmental departments with the POS machines.
The Supreme Judicial Council has expressed its confidence in QNB's role as a major partner in updating the country's departments and administrations and developing their abilities.
Earlier this year, QNB signed a number of similar agreements with other governmental bodies in which it accomplished this project with unparalleled experience and merit.
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In cooperation with QNB the Supreme Judicial Council replaces the cash collecting system with E-Cash card
- Qatar: Saturday, March 17 - 2007 at 15:56
- PRESS RELEASE
The Supreme Judicial Council of Qatar has joined the fleet of governmental administrations which have signed agreements with Qatar National Bank (QNB) to utilize the Points of Sale (POS) and e-Cash card payment system.
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Qatar National Bank (QNB)Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between the Government of Qatar (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country with a market share approaching 45% of banking sector assets. QNB has the largest distribution network of 37 branches and offices, in addition to 6 Islamic branches, and more than 100 ATM's.
QNB international presence is rapidly expanding with new locations in Singapore and Libya, Oman, Kuwait and Yemen, supplementing existing branches in London and Paris and a Representative Office in Iran. The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher, was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.
QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.
Through its affiliate, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.
QNB has the highest credit rating among Qatari banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of the "Best Bank in Qatar" Award from leading international specialized financial publications. .
QNB has an active community support program and sponsors various social, educational, and sports events.
The Bank is the official sponsor of the four major sports in Qatar which include Football, Basketball, Handball, and Volleyball.
For further information, please contact QNB's Public Relations Department at (974) 4407828 - 4407109
Posted by Lara Lynn Golden, News EditorSaturday, March 17 - 2007 at 15:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Thu Apr 26 2007.
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