QNB Group is the first bank in Sudan to have successfully performed an international payment card transaction, in partnership with Mastercard, using a Mastercard virtual prepaid card product. QNB is also the first bank in Sudan to have obtained an issuance licence from Mastercard.
The first successful international prepaid card transaction was performed on June 14 and marks an important and historic milestone for QNB and Mastercard’s strategic plans in Sudan and across Africa.
Through this partnership, QNB will issue and accept the Mastercard-branded payment cards in Sudan, allowing more people and businesses across the country to enjoy more convenient, secure, and easy to use ways to pay locally and globally. The QNB Mastercard product is a secure and innovative digital payment solution that is accepted globally, including e-commerce websites.
QNB Group Retail general manager Heba al-Tamimi said, “We are delighted to have partnered with the Sudanese authorities and Mastercard on achieving this historic milestone. QNB Group is fully-committed to investing and growing the payments landscape in Sudan, which will have a positive impact on the economic growth of the country. We look forward to bringing about best practices and market centric strategies which will eventually benefit our customers in Sudan.”
Khalid Elgibali, division president Mena, Mastercard, said, “As we prepare for a post-Covid-19 reality, it is imperative to offer people across the region easy access to the digital economy to help drive inclusion and create new opportunities for all. In line with our recent commitment to include 1bn people to the digital economy by 2025, Mastercard is working to open new markets and create a more connected future.
“We are delighted to extend our longstanding partnership with Qatar National Bank as we enable international cross border transaction in Sudan and will continue to work closely with our partners to drive the evolution of the payment ecosystem.”
According to the World Bank’s Trading across Borders 2020 indicator, Sudan ranks 171 out of 190 countries regarding ease of doing business. Through this partnership, businesses will have a far more convenient channel to pay for goods and services to expand their businesses, and bank customers will be able to withdraw funds from Mastercard enabled ATMs globally, shop online, and pay for goods and services at millions of merchants that accept Mastercard payment cards globally.
Based in the capital, Khartoum, QNB Sudan’s first branch was established in 2008. The bank provides a number of personal banking services and products, along with various business banking solutions.
QNB Group’s presence through its subsidiaries and associate companies extends to 31 countries across three continents, providing a comprehensive range of advanced products and services. It has more than 29,000 employees operating through 1,100 locations, with an ATM network of over 4,200 machines.
Mastercard branded cards have been issued and accepted across Africa for decades with millions of consumers enjoying the benefits of digital payments using plastic cards, mobile wallets, QR codes and virtual cards.
With offices in Kenya, Nigeria, Senegal, Cote D’Ivoire, Johannesburg, Cape Town, Mauritius, Mozambique, Egypt, and Morocco, Mastercard partners with stakeholders across banks, fintechs, mobile network operators, and governments to drive inclusive economic growth across Africa.