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Kartik Taneja, Executive Vice President, Head of Payments at Mashreq Bank.
Kartik Taneja, Executive Vice President, Head of Payments at Mashreq Bank, explains why the shift from cash to cashless will benefit the UAE s digitalisation drive.
The UAE moved significantly closer to becoming a cashless society in 2020 as shoppers stayed home, adopted contactless and rejected cash during and beyond the Covid-19 lockdown. The infrastructure for e-commerce has been in place for several years - but the emergence of smartphones and greater security levels combined to create the perfect conditions for mass adoption in 2020.
Commercial Bank wins Best Cash Management and Transaction Bank in Qatar award
21 Jan 2021 - 8:55
The Peninsula
Doha: Having undergone the stringent evaluation of the MEA Transaction Finance Awards 2020 program, Commercial Bank, Qatar’s first private bank, emerges for another year as market leader in cash management and transaction banking, and garners a new award for 2020 from The Asian Banker: The Best Cash Management and Transaction Bank in Qatar award.
According to The Asian Banker, Commercial Bank “stood out as a digital pacesetter relative to its peers in Qatar,” and this is largely due to the significant digital adoption the Bank had undertaken before the COVID-19 pandemic.