Doha Bank launches Visa Commercial Pay for corporate clients

By Gloria Methri

Doha Bank is set to launch VISA Commercial Pay (VCP) and the VCP-Mobile Module for its Corporate Credit Card clients. This move aims to meet the rising demand from large corporations, support the government’s push to digitise cash transactions and strengthen ties with corporate and business clients.

Visa Commercial Pay will boost cash flow, eliminate outdated manual processes, and provide a comprehensive business spending solution. It simplifies payment management, automates reconciliation, and securely delivers virtual card payment information through an intuitive interface.

The Virtual Corporate Credit & Purchasing Card utilises tokenisation technology to replace the actual card number with a unique token during transactions. This feature enhances security and facilitates payments to suppliers and vendors through online platforms, mobile applications or digital wallets like Apple Pay and Google Wallet.

Dimitrios Kokosioulis, Deputy Chief Executive Officer, Doha Bank, expressed enthusiasm about enhancing the bank’s corporate payment solutions in partnership with Visa. “These solutions aim to streamline payments for our corporate clients while augmenting security measures,” he stated. “Our strategic alliance with VISA has enabled us to roll out tailored solutions for our corporate clientele. The launch of the Doha Bank Visa Virtual Corporate & Purchasing Card on the Visa Commercial Pay reflects our dedication to this longstanding partnership with Visa and our commitment to addressing the evolving payment needs of our economy.”

Shashank Singh, Visa’s VP and General Manager for Qatar and Kuwait, added, “Our partnership with Doha Bank stands as a testament to our commitment to fostering digital innovation in the financial sector. The introduction of Visa Commercial Pay marks a paradigm shift in how businesses manage payments, setting a new standard for convenience and security. As we progress, we remain dedicated to working closely with Doha Bank to tailor our services further to meet the growing needs of the local economy.”