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QIB launches Easy Payment Plan for debit card transactions

By Gloria Methri

June 24, 2024

  • Card-based Instalment Payments Solution
  • Debit Card Payments
  • Direct Remit Services

QIB, Qatar Islamic Bank, Easy Payment Plan, Islamic Financing, Islamic Banking, Shariah Compliance, Fintech Nepal, Fintech Qatar, Doha, Direct Remit Services, Instant money Transfers,Qatar Islamic Bank (QIB) has extended its Easy Payment Plan (EPP) feature for Debit cardholders, making it available on the QIB Mobile App. The EPP, which is already available for Credit Cardholders, is now extended to all eligible Debit Cardholders as a new feature.

With this new feature, QIB debit cardholders can convert their transactions into easy instalments, providing greater flexibility and convenience in managing their finances.

The EPP feature enables transactions exceeding QAR 5,000 to be transformed into convenient instalments, offering attractive rates and equal monthly instalments spanning from 6 to 24 months. This will help customers make more large transactions on Debit Cards and manage their finances with ease of mind.

Anand, QIB’s General Manager of the Personal Banking Group, said, “We are pleased to introduce the Easy Payment Plan feature to our Debit cardholders, in line with our commitment to providing innovative solutions that meet their evolving needs. With this expansion, we empower our customers with greater financial flexibility, allowing them to enjoy the convenience of managing their expenses through instalment payments and putting them in control of their finances.”

QIB also offers this convenient payment solution to its Credit cardholders. By extending the EPP feature to both Debit and Credit cardholders, QIB elevates the banking experience and supports its customers with an innovative and instant financial solution. This approach ensures that individuals across all card types can benefit from the ease and simplicity of the EPP feature.

Available on the App Store, Google Play, and Huawei AppGallery, the QIB Mobile App allows customers to download it and easily self-register using their active ATM/Debit Card number and PIN. The apps allow customers to have full control of their accounts, cards, and transactions, enabling them to fulfil all their banking requirements remotely.

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