QNB recognized for its remarkable role in providing innovative payment solutions

Posted on : Tue, 11 Apr 2023

QNB Group, the largest financial institution in the Middle East and Africa, have received Recognition of Partnership Award from Visa, highlighting its remarkable role in developing and implementing innovative payment products in the market, as well the strong collaboration between the two organizations in delivering a very successful edition of the FIFA World Cup. 

During FIFA World Cup Qatar 2022™, QNB and Visa, effectively implemented a number of innovative payment products like deploying almost 5,500 contactless payment terminals at the venues including the stadiums, fan zones and other payment points, and about 90% of the processed transactions were on contactless basis, providing greater payment efficiency and a seamless experience for both residents and international visitors. 

Commenting on the award, Mr. Adel Al-Malki, Senior Executive Vice President QNB Group Retail Banking said: “We are pleased to be recognized by Visa as a valuable partner in the region and we are thankful for such recognition. Through QNB cards and payment acceptance, we have been successful in ensuring that our merchant and customers use the safest and most advanced payment methods for convenient and reliable transactions. We remain committed to leading the market and providing the latest and safest payment solutions to our customers and business partners. 

Dr. Sudheer Nair, Visa’s Country Manager for Qatar, said, “As the global leader in digital payments, Visa works closely with local partners to provide secure, innovative solutions that address the evolving payment needs of consumers and businesses. One of our longstanding partners, QNB’s continued efforts are contributing to the growth of digital payments in the country making them a well-deserving recipient of these awards. We are therefore delighted to recognize them for their leadership in extending the benefits of digital commerce to more consumers and businesses in – as well as tourists coming to – Qatar.”

QNB Group is ranked as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group extends to more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 28,000 operating through 1000 locations, with an ATM network of more than 4,800 machines.