Ahlibank, a leading Qatari owned financial institution and Visa, the world’s leader in digital payments, have entered into an exclusive five-year strategic partnership to foster payments innovation in Qatar.
Ahlibank and Visa partnered to roll out a suite of card-based payment products and collaborate to develop and deliver advanced technology solutions that augment the payment experience for Ahlibank customers. The partnership would further enable Ahlibank to deliver world-class solutions to its growing customer base.
As part of the five-year partnership agreement, Visa has secured exclusivity over Ahlibank’s debit, credit and prepaid cards offering to personal, premium and private customers.
Moreover, both companies will continue to work together to drive growth of digital payments through data-led solutions, deliver differentiated products in the market using innovative platforms, deepen customer engagement with experiential offerings through Visa’s sponsorship assets, and drive operational efficiencies and cost reduction through Visa’s risk and data solutions.
“This strategic agreement with Visa comes as part of our relentless efforts to deliver the latest and most innovative payment solutions to our customers. Supported by our long-term collaboration with Visa, Ahlibank has created payment offerings that are unmatched in value and scale, enhancing our customers’ experience,” said Mohamed al-Namla, deputy chief executive — Business Support, Services and Human Resources of Ahlibank.
Dr Sudheer Nair, Visa’s country manager for Qatar, said it would continue to ensure that its offerings evolve to further support the bank’s different customer segments and their changing preferences.
“This partnership underlines our commitment to growing the digital payments ecosystem in Qatar by creating new products and customer-centric solutions that deliver seamless, secure and rewarding payment experiences for the country’s cardholders,” he said.
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