Al-Qutibi Bank Offers Cashless Payments
Al Qattabi Islamic Bank announced the launch of its new service, "Kaffak Yikfeek," a cutting-edge technology that allows customers to make payments using only their palm, without the need for cash, cards, or phones, and without requiring an internet connection at the time of payment. The service was introduced to support digital transformation and facilitate financial transactions. It can be linked once to the user’s account or the "Shlen" wallet, with the possibility of collaborating with other banks to increase its reach. During its initial two-week testing phase, the service completed over 2,600 payments worth more than 32 million Yemeni riyals across 52 stores in Aden. The bank hopes to expand the use of this service to promote financial inclusion and reduce reliance on cash in Yemen.
Notice: This Is an AI-Generated Summary
Comments (0)