Doha Bank & Mastercard partner to boost digital payments in Qatar
By Gloria Methri
Doha Bank and Mastercard have entered a long-term strategic partnership to maintain and enhance the bank’s customer service and innovative payment solutions.
In addition to expanding the size of its business in cards and digital payments, Doha Bank will benefit from Mastercard’s expertise in digital solutions to support its strategic transformation process.
“Doha Bank is committed to playing a pivotal role in achieving the objectives of the Third Financial Sector Strategic Plan as part of Qatar National Vision 2030. Our forward-looking partnership with Mastercard is a part of our continuous efforts to reshape the country’s payments landscape, providing the best benefits and solutions to the various reshape our customers,” said Sheikh Abdul, Rahman bin Fahad Al Thani, Group CEO, Doha Bank.
“At Mastercard, we are focused on driving payment innovation, accelerating digital transformation, and boosting financial inclusion across the globe. As one of the region’s most dynamic economies with a robust and positive outlook, Qatar is an integral part of our growth strategy. This long-term partnership with Doha Bank will be a key milestone for the country’s ambitious digital future as we help unlock new opportunities for its people,” said Dimitrios Dosis, President, Eastern Europe, Middle East and Africa, Mastercard.
In recent years, Qatar has been actively pursuing digital transformation, which has been identified as a main driver of diversified economic development. The country has made significant investments in technology infrastructure and launched several initiatives aimed at promoting the adoption of digital technologies in various industries, including the financial sector.
IBSi Daily News Analysis
July 19, 2024
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