Arab Bank Launches Incentive Initiative for Merchants to Recover 100% Commission on Payments through POS Devices

SadaNews - The Arab Bank has launched an exclusive incentive initiative designed to encourage merchants to use electronic Point of Sale (POS) devices to receive payments from their customers using direct payment and credit cards. The campaign grants all merchants a cash refund of 100% of the merchant's commission when doubling sales transactions through the Arab Bank's POS devices during the campaign period compared to the same period of the previous month.

This initiative is part of the bank's additional efforts to help reduce the circulation of cash in the Palestinian market and is in line with the instructions of the Palestinian Monetary Authority regarding exempting merchants from all commissions on digital payments under 100 shekels via POS devices. This makes it easier for business owners, especially small and medium enterprises, to move towards electronic payment solutions that suit their needs and sales volume.

Furthermore, this campaign represents an important step in enhancing the bank's diligent efforts to promote the digital transformation of companies and enterprises in the Palestinian market, through the use of electronic channels and services provided by the bank, which include, in addition to POS devices, an electronic payment gateway, the e-commerce platforms "Arabi E-Mart" and "Arabi Shopix", as well as the "Arabi Connect" platform for companies and the banking app for small and medium enterprises. These services allow the owners of these establishments to complete their banking transactions with ease, speed, and security, around the clock, contributing to achieving economic stability in the Palestinian market by developing the electronic sales and payment system and reducing reliance on cash.

It is noteworthy that the Arab Bank adopts a comprehensive strategy towards digital transformation and electronic payment services, providing them to both individuals and corporate clients according to the latest standards that meet their needs and interests. The bank offers a variety of electronic channels that are the latest in the banking industry and contributes to ongoing improvements and updates using the latest technologies that are the most convenient and flexible to use.