NAPS "Qatar"
NAPS is intended to provide for the interchange of retail payment transactions between the host systems of all banks in Qatar and to provide a gateway to other such switches within the gulf region.
NAPS will process transactions based on debit cards, which have been issued locally within Qatar.
NAPS will provide for the switching of ATM/POS transactions and will expand its functions to include stand –in transaction authorization for those banks that may require such service. NAPS will provide interfaces to other switches within the Gulf region in the near future. Initially, no self-service devices will attach directly to NAPS.
Interfaces to VISA and MasterCard or similar will not be provided by NAPS. These interfaces will be the responsibility of the individual member banks. However VISA and MasterCard or similar transactions will be routed via NAPS where member banks have agreement with such card networks.
The Switch will be identified by unique mark, or logo, to be defined by QCB.
The fees structure:
Transaction Type |
Acquirer |
NAPS |
NAPS Issuer Bank Maximum |
Withdrawal
|
+1
|
+5
|
- 6
|
Balance enquiry
|
+0.5
|
+2.5
|
- 3
|
Banks may or may not burden the transaction fees onto the Customers, with the maximum.
Number of ATMs:
There are about 278 ATMs linked to the NAPS.
For more details you can visit the following URL: http://www.qcb.gov.qa/pages/English_Site/Naps.html