Mastercard and QNB launch “myPOS” phone tap

Press release

Published March 21st, 2023 - 08:02 GMT

myPOS

Highlights

Mastercard has partnered with QNB, the largest financial institution in the Middle East and Africa, to launch the digital payment technology "myPOS" tap on phone service.

ALBAWABA - Mastercard has partnered with QNB, the largest financial institution in the Middle East and Africa, to launch "myPOS" tap on phone service, a digital payment technology that allows micro and small businesses to accept payments through a smartphone.

The service is cost-effective, convenient, and transforms smart devices into payment acceptance devices, according to a Mastercard statement. It said businesses can download the mobile app to offer a flexible, secure, and intuitive checkout experience to their customers.

The partnership marks a new milestone between QNB and Mastercard and reflects the bank's vision to promote an omnichannel environment through innovative and affordable payment solutions.

Tags:Mastercard QNB myPOS digital payment phone tap Mideast Africa

Background Information

MasterCard

Electronic payments have the ability to create a world with greater opportunities for all. To take us beyond borders, to new markets. Beyond mere moments, to meaningful experiences. That's the power of a World Beyond Cash®. And that's Priceless®.