Mastercard has given QNB Group a license to offer Mastercard payment services in Syria. QNB Group is the largest financial institution in the Middle East and Africa. With this license, QNB can now provide Mastercard cards and digital payment solutions that people and businesses in Syria can use both inside the country and internationally.
This decision comes after Mastercard and the Central Bank of Syria signed an agreement in September to help improve and modernize Syria’s digital payment systems. The goal is to make payments more secure, smooth, and innovative.
This partnership is an important step for both Mastercard and QNB. It aims to improve digital banking services, support financial inclusion, and create new opportunities using technology.
The collaboration also shows QNB’s focus on driving digital innovation across its global network. Together, QNB and Mastercard want to help develop and strengthen Syria’s digital payments ecosystem and support long-term economic growth in the country.
“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.
Mastercard works in more than 200 countries and regions around the world. It helps strengthen economies and supports people by making it easier for everyone to take part in the digital economy. Along with its partners, Mastercard is building a system where more people and businesses can grow and succeed.
Mastercard offers many safe and simple digital payment options. Its technology, partnerships, and global network help make payments smart, fast, and secure. Through its products and services, Mastercard helps individuals, companies, and governments reach their full potential.
QNB Group is one of the top banks in the Middle East and Africa. It is also known as one of the most valuable banking brands in the region.
The bank operates in more than 28 countries across Asia, Europe, and Africa. It offers different banking products and services designed to meet local customer needs, using modern technology and innovation.
With a strong team of over 31,000 employees, QNB Group continues to provide high-quality banking services and grow its presence around the world.
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