Business
QNB Group becomes first bank globally to enable acceptance of international payment cards in Syria
QNB Group has announced the launch of card and digital payments acceptance in Syria following the recent decision by the Central Bank of Syria (CBS) to modernise the country’s financial sector. The milestone marks a significant step forward in the development of Syria’s digital payments infrastructure and reflects QNB Group’s continued commitment to supporting economic growth, financial inclusion, and secure commerce.
The launch enables eligible merchants to accept card and digital payments, improving efficiency, transparency, and customer experience. Adel Ali al-Malki, senior EVP QNB Group Retail Banking, stated: "We are very proud to become the first bank globally supporting digital payment acceptance in the Syrian market, which witnesses rapid transformation driven by the Central Bank of Syria to reduce cash reliance. We look forward to providing our customers with a seamless, secure, and instant digital payment experience that exceeds their expectations.”
The development and launch have been delivered through close orchestration between multiple parties ensuring adherence to local and international guidelines. A phased and controlled approach will be adopted supporting a sustainable rollout of acceptance services across multiple industries.
QNB Group is expanding its cards products in collaboration with International Payment schemes for Individual and businesses. QNB Group continues leading the banking product and services with deep commitment to enhance the digital payment ecosystem in the markets it operates in.