Commercial Bank has launched a groundbreaking virtual payment platform, Visa Commercial Pay (VCP), designed to transform how Small and Medium-Sized Enterprises (SMEs) manage supplier payments and corporate expenses. This marks Commercial Bank as the first bank in Qatar to offer VCP to SMEs, leading the way in revolutionising B2B payments.

Exclusive to SME Visa business credit card and Visa corporate credit card holders, VCP allows card payments to be made directly to the suppliers’ accounts, demonstrating the Bank’s continued commitment to pioneering digital payment solutions for businesses in Qatar.

1. Unique virtual account numbers: 

For each transaction, a unique account number is generated to reduce fraud risk and provide finance teams with enhanced control. 

2. Customised payment parameters:
SMEs can set customised payment parameters such as merchant categories, geographic restrictions, and spending limits, all managed through an intuitive digital portal. 

3. Seamless integration with existing systems and digital wallets: 
This enables instant, traceable payments, and comprehensive remittance information with systems like Apple Pay. 

4. Real-time dashboards: 
Provide strategic spend analytics and policy compliance monitoring.

Reinforcing Commercial Bank’s commitment to delivering future-ready financial tools, the launch of VCP further supports the digital transformation of local businesses and the growing needs of Qatar’s digital economy. 
 

Activate VCP today via the Corporate Banking portal!