QNB Group, the largest financial institution in the Middle East and Africa, has received an appreciation award for its long-term partnership from Visa, which highlights its distinguished role in developing and implementing innovative payment products in the market, as well as the fruitful cooperation between the two institutions in providing a successful edition of the FIFA World Cup.
During the FIFA World Cup Qatar 2022™, QNB and Visa actively launched a number of innovative payment products, including nearly 5,500 contactless payment machines in private facilities including stadiums, fan areas and other payment points, and about 90% of transactions were processed using contactless payment technology. Touch, which provided greater efficiency and a seamless payments experience for both residents and visitors during the tournament.
Commenting on the award, Mr. Adel Al-Malki, Senior Vice President – Retail Banking at QNB, said: “We are delighted to be recognized by Visa as a valued partner in the region and we are grateful for this recognition. With QNB cards and payment acceptance, we have succeeded in ensuring that our merchants and customers use the most secure and most advanced payment methods to conduct convenient and reliable transactions. We remain committed to leading the market and providing the latest and most secure payment solutions to our customers and business partners.”
Dr. Sudhir Nair, Qatar Country Director, Visa, said: “As the global leader in digital payments, Visa works closely with local partners to provide secure and innovative solutions that meet the evolving payment needs of consumers and businesses. QNB’s continuous efforts, as one of our long-term partners, contribute to the growth of digital payments in the country, which makes the bank well-deserving of this award. Therefore, we are pleased to appreciate them for their leadership in providing the benefits of digital commerce to more consumers and businesses in Qatar, as well as to tourists coming to the country.
QNB Group is currently ranked as the most valuable banking brand in the Middle East and Africa. The group is present through its branches and subsidiaries in more than 28 countries and three continents around the world, as it provides the latest banking services and products to its customers. The group has more than 28,000 employees across 1,000 branches and representative offices, in addition to a wide network of more than 4,800 ATMs.
