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Ooredoo Business Customers Can Now Pay Bills via their Commercial Bank Registration (CR) Number
Doha, Qatar: Commercial Bank, Qatar’s first private bank and Ooredoo, Qatar’s leading telecommunications company, have today announced the launch of a new first of its kind bulk bill payment service.
The new service, ‘Ooredoo Bulk Bill Payment’, was announced at a signing ceremony in Commercial Bank Plaza and was attended by senior officials from both companies.
Ooredoo Bulk Bill Payment will enable all Commercial Bank Corporate customers to quickly and easily pay their Ooredoo Business bill through Commercial Bank’s state of the art online Corporate Internet Banking channel.
From today, Commercial Bank Corporate customers can make billing enquires and instantly settle all of their outstanding Ooredoo Business bills subscribed under their Commercial Registration (CR) Number in an easy and secure manner.
Enabling businesses to pay their Ooredoo Business account bills securely and instantly via Commercial Bank, will save users time, as well as further simplify monthly billing for Qatar’s companies.
Speaking at a signing ceremony, Mr. Joseph Abraham, Commercial Bank CEO said: “Commercial Bank is proud to partner with Ooredoo and continue our track record of supporting Qatari businesses both large and small for a sustainable economic future. Commercial Bank is the first bank in Qatar to offer a bulk bill payment service to Ooredoo, and this convenient and safe online payment feature is in line with our strategy of investing in technology to provide the best customer experience for our clients.”
Talking about the launch, Mr. Waleed Al Sayed, Chief Executive Officer of Ooredoo Qatar, said: “We’re proud to be working with such a valued Qatari company to further enhance our business experience. In today’s connected world, paying your bill should be just a click away and thanks to this new service, businesses can confidently pay their service bill each month without hassle. This partnership is just another way that we are going above and beyond to offer the best solutions for our business users and we thank Commercial Bank for working closely with us to achieve this.”
Commercial Bank customers can contact their Commercial Bank branch to set up the utility payment through the Corporate Internet Banking. Once activated, customers can log in to the utility module of Commercial BanksCorporate Internet Banking service, chose to pay Ooredoo bills and select the amount they wish to instantly transfer.
Commercial Bank’s state of the art online Corporate Internet Banking channel offers a range of banking services including transfers, payroll, liquidity reports and accounts.
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About Commercial Bank
Commercial Bank has total assets of QAR 123.9 billion as at 30 Sep 2016. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank’s countrywide network includes 29 full service branches and 181 ATMs.
Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank’s GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3.5 billion as at 30 Sep 2016, has 60 conventional branches and 6 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 22.5 billion as at 30 Sep 2016, and operates 22 branches across the emirates in the UAE. Building on the successful execution of the Bank’s expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.
Commercial Bank enjoys strong credit ratings of (A2) from Moody’s, (A+) from Fitch, and (BBB+) from Standard & Poor’s. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) on the London Stock Exchange. Commercial Bank’s Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank’s latest bond issuance in June 2014 and June 2016 are listed on the Irish Stock Exchange.
Commercial Bank was awarded “SME Bank of the Year” for 2016 by The Asian Banker based on its wide-ranging achievements over the past three years, specialised team and customer focused products and services for SMEs. Commercial Bank also won the “Best Contact Centre” award at The Gulf Customer Experience Awards 2015 for outstanding customer service. In recognition of its CSR activities benefitting the Qatari community, Commercial Bank was awarded the “Best CSR Report”, at the Corporate Social Responsibility awards ceremony for organisations in Qatar
The Bank is dedicated to supporting Qatar’s community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters reflects the Bank’s promotion of excellence in sports and its keen interest in enhancing Qatar’s international sporting reputation.
About Ooredoo
Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.
Twitter: @OoredooQatar
Facebook: https://www.facebook.com/ooredooqatar/
LinkedIn: https://www.linkedin.com/company/ooredooQatar
YouTube: https://www.youtube.com/user/OoredooQatar
Community: http://community.ooredoo.qa
Website: www.ooredoo.qa/business
© Press Release 2017
