QCB Issues First National Payment Card (Himyan)

QCB

Qatar Central Bank (QCB) announced Saturday the issuance of the first national payment card (Himyan) in Qatar, as the first national prepaid debit card.

The card which will be issued by the local bank, comes as part of Qatar Central Bank's efforts to develop electronic payment services and enhance financial inclusion in the country.

Himyan card is named after the money bag used by merchants in the past.

QCB said that the issuance of the card does not require a minimum account balance. The card also supports contactless feature, and provides lower transaction fees for issuers, acquirers and merchants.

QCB further Himyan card is considered more secure since transactions are made locally via NAPS network, adding that the card allows transactions in all sale points, ATMs and local online shopping websites.

(QNA)