Commercial Bank of Qatar

Commercial Bank of Qatar, known as CBQ, provides merchant acquiring and business banking in Qatar. The legal entity is The Commercial Bank (P.S.Q.C.), with a postal address of P.O. Box 3232, Doha.

Acquiring products

The bank lists POS terminals, e-commerce acquiring, payment links and the mobile CB VPOS, a SoftPOS-style solution. VPOS runs on Android devices with NFC and is intended, among others, for registered home-based businesses and delivery operations. According to the contract, settlement is made in QAR only.

Business accounts

Business bank accounts are offered alongside acquiring, so a merchant can hold its account and its card acceptance at the same bank. The profile does not give account types, fees or opening requirements.

Who it suits

The offer suits Qatari shops, service providers, online sellers and small registered businesses that want to accept contactless cards on a phone instead of buying a terminal. Businesses that sell in other currencies should note the QAR-only settlement. Commission rates, settlement times and the documents for registration are not described, and should be confirmed with the bank during the application.