Commercial Bank launches Qatar's 'first-ever' Metaverse Auto Marketplace on CBQ Mobile App

15/12/2025 06:53 AST

Commercial Bank has launched Qatar's first Metaverse-enabled 'Auto Marketplace' on the CBQ Mobile App.

Through this innovation, customers can now explore a fully interactive, virtual showroom directly from their smartphones.

Using Meta Quest (Oculus) virtual reality (VR) headsets, they can immerse themselves in a 3D environment, where detailed digital models bring each vehicle to life.

Beyond exploration, customers can also schedule test drives and apply for vehicle loans from the app, completing their car-buying journey with ease and convenience.

Shahnawaz Rashid, Executive General Manager and Head of Retail Banking at Commercial Bank, said: "This launch marks another step in redefining what modern banking can offer. By introducing the Metaverse to our Auto Marketplace, we have reimagined the way customers discover, experience, and purchase cars.

"At Commercial Bank, our customers are at the heart of everything we do, and so we continue to lead the way in driving meaningful digital innovation across Qatar's financial landscape."

As a recognised leader in digital banking innovation, Commercial Bank continues to pioneer technologies that enhance customer experiences and redefine banking in Qatar and the region. From introducing the latest in digital banking solutions to continuously enhancing customer experiences through biometric verification and real-time fraud protection, Commercial Bank consistently delivers services that blend security with convenience.

With the introduction of Qatar's first Metaverse-enabled Auto Marketplace, Commercial Bank once again leverages its award-winning mobile application to demonstrate its forward-thinking approach, merging immersive technology with financial services to create more intuitive, connected, and engaging customer journeys.

This latest innovation reinforces the bank's commitment to staying ahead of the curve, empowering individuals and businesses alike in a rapidly evolving financial landscape and underscores its role as a driving force in digital transformation across Qatar's banking sector.

Gulf Times