Commercial Bank in collaboration with Visa is introducing Visa Installment Solution for its merchant partners in the region

In partnership with Visa, the global leader in digital payments, Commercial Bank, a pioneer in cutting-edge digital banking solutions in Qatar, is launching Visa Installment Solution (VIS) for its merchant partners in the area. Commercial Bank is the first acquiring bank in the area to provide retailers with the installment solution thanks to this cooperation. With VIS, an API-based ecosystem solution, Credit Cardholders may easily split their spending into more manageable payments over a period of up to 48 months. VIS offers an open loop installment solution during purchasing, whether at Point-of-Service terminals or online. Businesses may target clients with pre-approved credit with tailored advertising on a local and international level thanks to VIS, which also helps to increase sales.

By integrating with APIs, merchants may enable the solution; issuers will have access to the list of consumers who have accessed Installments, and there is no need for manual file exchange between various merchants and issuers. 

With cutting-edge solutions like VIS that guarantee an improved banking experience for both consumers and merchants, Commercial Bank integrates digital transformation at the centre of its five-year strategy plan, in line with QNV 2030, which aims to create a competitive and diversified economy.