Qatar Central Bank implements National Payment Gateway

Qatar Central Bank (QCB) will implement a National Payment Gateway using the revolutionary PayONE secure online payment solution, from BusinessONE, a division of the STS Group. The solution is based on an electronic wallet system that will enable debit and credit card holders, as well as bank-account owners, to make online payments for e-Commerce and e-Government transactions. The implementation of the PayONE solution will enable Qatar Central Bank to sustain its leadership position as the leading payment facilitator in Qatar. Based on IBMs Websphere Products, PayONE is one of the few e-payment solutions to offer customers the benefit of making both card-based as well as direct account-to-account electronic fund transfer. Thus, for the first time in Qatar, even non-card holders can avail of a secure, quick payment channel for all their online transactions, effectively extending Qatars e-governance net to a wider base of end-users. The solution was implemented by STS-BusinessONE through their partner in Qatar, Ideal Solutions.