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Wednesday, April 01, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Mastercard" (4 articles)

Sheikh Abdulrahman bin Fahad bin Faisal al-Thani, Group chief executive officer of Doha Bank and J K Khalil, executive vice president and division president, East Arabia, Mastercard after inking the pact.
Qatar

Doha Bank, Mastercard Move expand ties to extend remittance corridors

Doha Bank has expanded collaboration with Mastercard Move to extend remittance corridors and customer segments.The enhanced collaboration involves scaling the existing offering to a more comprehensive global network.The bank’s customers will now be able to send person-to-person (P2P) remittances via their Doha Bank mobile banking app instantly to many destinations, with greater convenience and confidence.The service is being extended across all customer segments through the Doha Bank app, supporting customers from a broad range of countries.Mastercard Move, Mastercard’s comprehensive portfolio of money movement capabilities, enables the international transfer of funds through one secure connection.Powering a variety of payment experiences, including person-to-person transfers, the solution offers multiple payout methods, including bank account and mobile wallet.To cater to the unbanked and underbanked, cash payout is also an option through Mastercard’s extensive network of cash pickup locations."Our collaboration with Mastercard Move has already delivered tangible value to our customers. By extending our corridors and expanding service availability across more consumer groups, we are reinforcing our commitment to secure, fast, and seamless international payments that keep pace with our customers' evolving needs," said Doha Bank Group CEO Sheikh Abdulrahman bin Fahad bin Faisal al-Thani.J K Khalil, executive vice president and division president, East Arabia, Mastercard, said this milestone goes beyond simplifying global transactions; it strengthens the essential connections that enable people to support families, empower businesses, and sustain communities across borders."By enhancing the remittances experience, we are helping even more of the bank’s customers move money with confidence, speed, and ease. Together, we remain dedicated to delivering seamless, secure cross‑border payments for Qatar and for the global networks that rely on them,” he said.The upgraded service framework underscores Doha Bank's focus on inclusive access and robust governance, aligning enhanced user experiences with strong compliance, security, and risk controls.This strategic step deepens the bank’s role in the regional and global remittance ecosystem and supports individuals and businesses with more choices and better end-to-end transparency. 

Gulf Times
Business

QNB and Mastercard expand payment services in Syria

Mastercard announced that QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard licence 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 modernisation 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.  This collaboration also reflects QNB’s commitment to spearheading digital innovation across its international network and underscores QNB Group’s dedication to fostering more resilient growth in this high potential market. Together, QNB and Mastercard aim to contribute to the evolution of Syria’s payments landscape. “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.  Our work supports the country’s vision for sustainable economic progress, delivered with full respect for regulatory and compliance standards,” said Adam Jones, division president, West Arabia, Mastercard.  QNB Group Chief Business Officer Yousef Mahmoud al-Neama said: “We are proud of this new step, which comes within the strategic plans of QNB Group to expand its business in the region, as the Syrian market he is seen as economically promising, given the development and modernisation of the banking sector in this sisterly country.”

Gulf Times
Qatar

QIB announces Mastercard international spend campaign draw grand winners

Qatar Islamic Bank (QIB) has announced the grand winners of its 2025 international spend campaign, recognising QIB Mastercard credit and debit cardholders who qualified during the campaign period.The draws were conducted electronically in the presence of representatives from the Ministry of Commerce and Industry (MoCI) and QIB officials. Four grand winners each received 1mn Absher points, and a total of 60 monthly winners each received 100,000 Absher points throughout the campaign, totalling 10mn loyalty points given away to a total 64 winners.Absher reward points can be redeemed for booking air tickets, including Qatar Airways, hotel rooms across the world, online shopping, redeem with other loyalty partners, pay for utility bills, top up for QIB prepaid cards.D Anand, QIB’s general manager – Personal Banking Group, said: “We congratulate our grand winners and all monthly winners of this year’s campaign with Mastercard. As our customers transact internationally, we remain focused on delivering market-leading rewards and seamless digital experience, ensuring greater value with every payment.”QIB’s Absher rewards programme allows customers to earn points across various banking activities, notably by using their debit and credit cards. Customers can then redeem Absher points for flight tickets, hotel stays, online shopping, and e-vouchers at various partners including supermarkets, cinemas, gift shops as well as food and transport apps.Absher points can also be used to settle bills with Ooredoo, Vodafone and Kahramaa, while they can also be converted to airline loyalty programmes including Qatar Airways Avios.QIB’s longstanding partnership with Mastercard continues to bring customers enhanced value, security, and convenience. Together, both entities remain committed to delivering innovative payment solutions that elevate the international spending experience and reward customers with greater benefits every day.Customers can apply for QIB credit cards instantly through the QIB mobile app. 

The agreement aims to bring further advancements and greater benefits to QNB’s corporate cardholders through innovative payment solutions and enhanced digital capabilities, marking a significant milestone in its mission to modernise corporate payments and strengthen the country’s transition toward a cashless, digitally enabled economy in line with the Economic Development pillar of Qatar National Vision 2030
Business

QNB becomes first Qatari bank to launch Mastercard virtual card numbers for corporate clients

QNB has become the first Qatari bank to launch Mastercard virtual card numbers (VCN) for corporate clients to enable companies to create single-use or multi-use virtual cards with predefined limits, specific usage timeframes, and merchant category controls, showcasing its commitment to providing its clients with the highest levels of banking experience. A signing ceremony was recently held between senior executives from QNB and Mastercard to commemorate the launch and formalise the new partnership between the two organisations. The landmark launch reinforces QNB’s leadership in the commercial payments space and highlights its strategic role in redefining how businesses in Qatar manage, control, and optimise their financial operations. The agreement aims to bring further advancements and greater benefits to QNB’s corporate cardholders through innovative payment solutions and enhanced digital capabilities, marking a significant milestone in its mission to modernise corporate payments and strengthen the country’s transition toward a cashless, digitally enabled economy in line with the Economic Development pillar of Qatar National Vision 2030. **media[382835]** With Mastercard generating the virtual cards, the bank is introducing a new level of efficiency and transparency to business payments, replacing manual processes and paper-based instruments as QNB issues virtual card numbers instantly, offering convenience, security, and flexibility. Through this platform, QNB enables companies to create virtual cards with simple steps through the integration of Mastercard’s innovative VCN platform with corporate approval workflows, giving organisations real-time visibility and control over every transaction. By digitising payments that were traditionally executed via cheques and wire transfers, Mastercard is enhancing security, simplifying reconciliation, and supporting better working capital management through flexible settlement periods. Businesses benefit from up to 55 days of interest-free grace period offered by QNB, streamlined reconciliation, and the ability to automate recurring supplier and operational payments — all contributing to greater liquidity and operational agility. Businesses will also benefit from QNB’s ‘SmartData’ expense management tools, which provides a unified experience for virtual card generation, reporting, and analytics, with QNB issuing Mastercard-generated cards.