Commercial Bank has announced the launch of UPI remittance service to India, becoming the 'first bank in Qatar' to offer this service.
UPI (Unified Payment Interface) is a real-time payment system that enables customers to transfer funds between bank accounts instantly using UPI-ID without the need for bank account details or IFSC codes while creating a beneficiary.
Using Commercial Banking digital platforms customers can now initiate UPI payments using UPI-ID. Available round-the-clock, transactions can be initiated and completed within 60 seconds.
UPI-ID for the beneficiary can be easily created by visiting respective Indian bank digital platforms and by following the steps required.
Commercial Bank Group CEO Joseph Abraham commented on the launch saying: “We are delighted to announce the launch of our new UPI remittance service to India. This represents a significant step forward in our efforts to enhance the customer experience and provide more convenient, secure, and accessible financial services to our clients.
“UPI is an innovative payment system that aligns with our commitment to offer seamless banking services to our customers. We are confident that these services will support us to meet the evolving needs of our customers in today's fast-paced digital world.”
Shahnawaz Rashid, executive general manager and head (Retail Banking) at Commercial Bank said, “We are excited to announce the launch of UPI, which is yet another step towards enhancing our customers' banking experience. UPI is a game-changer in the payments ecosystem, and we are confident that it will revolutionize the way our customers make payments."
“Commercial Bank brings customers another first of its kind service in Qatar, which only emphasises on the bank’s promise that ‘everything is possible’, the bank added in a statement yesterday.
Commercial Bank announced the launch of UPI remittance service to India, becoming the 'first bank in Qatar' to offer this service.
