QNB Group and MasterCard signed a long-term agreement to start cooperation in commercial credit cards and payment products. The signing ceremony was held at QNB in the presence of senior executives from both organizations.
The agreement is set to achieve further progress and benefits in the field of cards and payments, particularly for QNB Corporate Banking and Small and Medium Enterprises customers.
QNB’s business cards and payment solutions allow the bank’s customers to manage their businesses more efficiently while providing the most important product features and the highest standards of security. The Bank recognizes that its strategic cooperation with local companies is vital to achieving the Qatar National Vision 2030, which aims to advance the process of economic diversification.
Mr. Yousef Mahmoud Al-Nama, Chief Business Officer of QNB Group, said: “We are very pleased with this new partnership with MasterCard, and we look forward to continuing to offer the most comprehensive and most important payment products to our corporate customers. QNB is fully committed to serving its customers by providing private, innovative and rewarding payment solutions. We thank MasterCard for the support it has provided, and we are certain that this partnership will achieve its goals.” QNB’s merchant payment solutions come with merchant and card transaction control, giving businesses greater control over their payment activities. Customers have access to rich and detailed information through the Smart Data platform from Mastercard and QNB, which they can use to achieve greater efficiencies for their business. Other major benefits include a corporate liability disclaimer that protects companies from any potential misuse of the cards.
For his part, Mr. G. in order to. Khalil, General Manager, MasterCard for the Middle East and North Africa: “As a trusted technology leader, systems developer, and proud supporter of the business community in Qatar, we are pleased to partner with QNB to enable businesses of all sizes with world-class payment solutions to help improve their operations, credit and payment terms among the top Buyers and their suppliers. This landmark announcement confirms our continued commitment to supporting the government’s efforts to advance digital transformation, financial inclusion and economic diversification.”
