Commercial Bank, Qatar’s first private bank, is once again pioneering the market with 'CB SMART Payroll’ service, built for companies, to assist their employees in digitally sending funds overseas. This new service is online, efficient and by following a few simple steps ensures that all workers can access digital remittances, it was announced Friday.
Commenting on this launch, Joseph Abraham, Group Chief Executive Officer of Commercial Bank commented, “Our history of innovation continues as we bring to market a digital service that is much needed, to help us with greater financial inclusion across the country. Companies that bank with us or use us for their Workers' Payrolls can now access this online solution. CB SMART Payroll enables companies to assist their workers in making international remittances in a safe and secure way.”
Amit Sah, EGM and Head of Retail Banking at Commercial Bank said: “Commercial Bank has a leadership position for digital payments in Qatar. Following the success of our international remittance service, where we send money in minutes directly to bank accounts in multiple countries, we see this service as a natural extension and complements how we help all customers transact digitally.”
This new service provides simple and seamless digital solutions that address the needs of all the various segments of the working population, which is mostly needed in the current situation that we are going through. Additionally, it enables any company banking or processing their worker payroll payments with Commercial Bank, to assist in setting up remittances for their employees and paycard holders following a few simple steps. The service is dedicated for companies and is delivered through a web-based smart form. This barcoded online process reduces errors in submission of funds transfer requests.
For more details, companies can visit the website www.cbq.qa, or speak to their relationship manager at Commercial Bank.