The alliance marks an important milestone for both stakeholders to enhance digital banking experience in the country
Mastercard has announced that the QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard license to extend its issuing and acquiring activities in Syria, enabling it to provide Mastercard payment solutions – accepted locally and internationally- to individuals and businesses.
The move, which follows the memorandum of understanding signed between Mastercard and the Central Bank of Syria in September to support the modernization of the country’s digital payments infrastructure, will expand access to seamless, secure and innovative digital transactions.
The alliance marks an important milestone for Mastercard and QNB in their joint efforts to enhance digital banking experience, drive financial inclusion and create new opportunities through technology.
“At Mastercard, we are deepening our commitment to Syria as early investors in a market undergoing meaningful transformation. By empowering our partner banks, we are enabling millions of citizens to access modern financial services and laying the foundations for a robust, future-ready payments ecosystem,” remarked Adam Jones, Division President, West Arabia, Mastercard.
