Latest news with #QIBJuniorApp
ILoveQatar.net
a day ago
- Business
- ILoveQatar.net
QIB launches ‘QIB Junior' App – a digital banking experience for kids & teens
Qatar Islamic Bank (QIB) has announced the official launch of the QIB Junior App, the country's first digital banking and financial education platform for kids and teens aged 8 to 17 years old. As a first-to-market solution, QIB Junior is a modern Banking App designed specifically for kids and teens with tools that empower young users to manage their finances confidently, while parents guide their journey. Developed with a mobile and tablets-first mindset, QIB Junior introduces young users to smart money management in a secure and intuitive way. The solution brings together a prepaid Visa card which can be used for online payments, to tap and pay at physical stores, and can be add to digital wallets i.e. Apple Wallet, Google Wallet or Samsung Wallet. The QIB Junior App provides a dedicated 'savings pot' which allows juniors to move money between the card and the savings pot, encouraging the habit of saving. The App offers a suite of engaging features allowing junior to earn rewards every time they complete tasks set by parents as well as to enjoy exclusive deals and discounts tailored to their age group. In addition, QIB will be offering a special gift voucher to the early adopters who onboard on the Junior App. Parents play a central role in enabling and managing their child's banking journey. Through the main QIB Mobile App, parents can seamlessly sign up their children for the QIB Junior App and issue a prepaid card. With full control through the QIB Mobile App, parents can set allowances, load the card, assign tasks, monitor spending, manage access, activate or deactivate the Junior App and the prepaid card and locate the child's device. This approach ensures that children gain early financial independence under safe and guided supervision of their parent. QIB Junior is the perfect tool for parents to set allowances and help their children build smart money habits in a safe, supervised environment. For Juniors, the QIB Junior App offers savings and spending capabilities while building their financial confidence. Young users benefit from tools that encourage saving, reward good habits, and offer access to exclusive deals and discounts, laying a strong foundation for financial responsibility and confidence. The solution is designed to grow with its users, automatically transitioning to QIB's Bedaya student account at age 18, ensuring continuity in their financial journey. Commenting on this pioneering initiative, Mr. D. Anand, QIB's General Manager – Personal Banking Group said: 'The launch of QIB Junior is a major milestone, reflecting QIB's leadership in digital innovation and future-ready banking. It introduces a secure, practical solution tailored to the evolving needs of families in Qatar. By empowering young users today, we are investing in a financially confident and responsible generation tomorrow.' The initiative aligns with Qatar National Vision 2030, reinforcing financial literacy and digital inclusion as cornerstones of sustainable development. It also affirms QIB's role as a digital leader committed to serving all segments of the community with secure and accessible banking solutions. QIB Junior is now available for existing QIB customers. Parents can activate the service through the QIB Mobile App, available on the App Store, Google Play, and Huawei AppGallery. For more information, please visit Source & cover image credit: QIB
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
QIB launches the QIB Junior App, Qatar's first digital banking experience for kids and teens
Tribune News Network Doha Qatar Islamic Bank has announced the official launch of the QIB Junior App, the country's first digital banking and financial education platform for kids and teens aged 8 to 17 years old. As a first-to-market solution, QIB Junior is a modern Banking App designed specifically for kids and teens with tools that empower young users to manage their finances confidently, while parents guide their journey. Developed with a mobile and tablets-first mindset, QIB Junior introduces young users to smart money management in a secure and intuitive way. The solution brings together a prepaid Visa card which can be used for online payments, to tap and pay at physical stores, and can be add to digital wallets i.e. Apple Wallet, Google Wallet or Samsung Wallet. The QIB Junior App provides a dedicated 'savings pot' which allows juniors to move money between the card and the savings pot, encouraging the habit of saving. The App offers a suite of engaging features allowing junior to earn rewards every time they complete tasks set by parents as well as to enjoy exclusive deals and discounts tailored to their age group. In addition, QIB will be offering a special gift voucher to the early adopters who onboard on the Junior App. Parents play a central role in enabling and managing their child's banking journey. Through the main QIB Mobile App, parents can seamlessly sign up their children for the QIB Junior App and issue a prepaid card. With full control through the QIB Mobile App, parents can set allowances, load the card, assign tasks, monitor spending, manage access, activate or deactivate the Junior App and the prepaid card and locate the child's device. This approach ensures that children gain early financial independence under safe and guided supervision of their parent. QIB Junior is the perfect tool for parents to set allowances and help their children build smart money habits in a safe, supervised environment. For Juniors, the QIB Junior App offers savings and spending capabilities while building their financial confidence. Young users benefit from tools that encourage saving, reward good habits, and offer access to exclusive deals and discounts, laying a strong foundation for financial responsibility and confidence. The solution is designed to grow with its users, automatically transitioning to QIB's Bedaya student account at age 18, ensuring continuity in their financial journey. Commenting on this pioneering initiative, D. Anand, QIB's General Manager – Personal Banking Group said: 'The launch of QIB Junior is a major milestone, reflecting QIB's leadership in digital innovation and future-ready banking. It introduces a secure, practical solution tailored to the evolving needs of families in Qatar. By empowering young users today, we are investing in a financially confident and responsible generation tomorrow.' The initiative aligns with Qatar National Vision 2030, reinforcing financial literacy and digital inclusion as cornerstones of sustainable development. It also affirms QIB's role as a digital leader committed to serving all segments of the community with secure and accessible banking solutions. QIB Junior is now available for existing QIB customers. Parents can activate the service through the QIB Mobile App, available on the App Store, Google Play, and Huawei AppGallery.
Arabian Post
6 days ago
- Business
- Arabian Post
QIB Empowers Youth with Qatar's First Figital Banking App
Arabian Post Staff -Dubai Qatar Islamic Bank has rolled out the QIB Junior App, marking the nation's inaugural 'figital' banking solution tailored for children and teenagers. The new app enables guardians to supervise allowances, instil sound financial habits and foster independence, all while maintaining comprehensive parental oversight. The launch reflects a broader shift in digital finance, blending app-based convenience with in-branch oversight—a hybrid model dubbed 'figital.' Users can schedule pocket money, set spending limits and receive instant notifications whenever funds are used. The app also features age-appropriate financial literacy content, including interactive quizzes and short videos designed to teach smart saving and responsible spending. ADVERTISEMENT Banking executives emphasise that QIB Junior aims to instil healthy money habits from an early age. Parents retain full control, with the ability to approve transactions and view spending history, alleviating concerns about safety and oversight. The platform integrates with existing QIB Minor and Misk accounts, allowing seamless fund transfers and real-time tracking via the parent's primary banking app. Industry analysts note the banking sector's growing emphasis on early engagement. By introducing youth to structured money management within parental guardrails, banks hope to foster long-term customer loyalty and financial resilience. This user-centric, educational approach aligns with global trends, where banks in Europe and North America have increasingly introduced junior accounts to promote early financial inclusion. According to the bank's statements, the Junior App is now available on major app stores and follows recent enhancements to QIB's digital services, including fully digital account opening and an Instant School Fee Payment feature. These developments reflect QIB's ambition to maintain leadership in financial innovation within the region. QIB is channeling significant resources into digital transformation, investing in AI and data analytics to deliver personalised experiences. The Junior App's gamified features and secure allowance tools showcase QIB's strategic shift towards targeting emerging customer segments while reinforcing its fintech credentials. Parental feedback, gathered during pilot testing, was notably positive. One mother commented that the app 'helps my son learn budgeting without losing oversight,' highlighting the dual focus on education and control. QIB reports high pilot engagement and suggests the full roll-out may include future enhancements like goal-setting tools and savings competitions among users. Qatar's regulatory environment supports such innovations. The central bank has encouraged development of fintech solutions aimed at youth, aligning with national financial literacy initiatives. QIB anticipates collaboration with schools and educational bodies to embed the app in classroom programmes. Other banks in the region are beginning to follow suit. Emirates NBD and Mashreq have introduced junior banking features, though none combine learning modules, parental controls and standalone app functionality on par with QIB's offering. QIB has therefore positioned itself at the forefront with its comprehensive figital solution.
