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R. Seetharaman, Chief Executive Officer of Doha Bank, said:
"The recent agreements capitalise on top of the attributes of both brands - Doha Bank's extensive reach in Qatar and American Express' premium offerings and services. Our merchant network has witnessed steady growth in the last year and we are happy to expand this infrastructure to premium clientele of American Express."
American Express' partnership with Doha Bank commenced in 2007 with Doha Bank being the only bank accepting over-the-counter, direct debit and online payments from customers in settling American Express monthly Card statements.
"With the segment of premium Cards rapidly growing, it has been our strategic priority to extend the acceptance of American Express Cards across the country, making Card usage more convenient for our Cardmembers and also beneficial for merchants," said Ziad Kablawi, Country Manager - Qatar, American Express Middle East.
"On average, our Cardmembers spend four to five times more per transaction using American Express Cards than they do with other Cards, which provides a direct benefit for merchants in growing their business," he said.
Kablawi added that the merchant acceptance of American Express Cards has risen by 73% over the last four years in Qatar.
Nabil Tabbara, Senior Manager - Retail Banking of Doha Bank, said: "Retailers in Qatar are increasingly inclined to accept Card payments as they are experiencing the benefits it provides them in catering to a larger and a more profitable customer base. We are confident that the External Sales Agent Agreement signed with American Express will further drive our merchant acquiring network.
"Moreover, this comes as an added value for our acquiring and payment services that the bank has started in 2006 through the launching of our unique instant on-line redemption of the Dream loyalty points in addition to being the first bank in Qatar to deploy the new wireless GPRS terminals which provides more convenience to customers not having to move out to enter their PINS, especially if they are dining out in restaurants."
Posted by Anne-Birte Stensgaard, Senior News Editor
