Qatar’s QIIB & Mastercard explore boosting cooperation in digital payments

By Shilpa Annie Joseph, Official Reporter
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Qatar International Islamic Bank (QIIB) has discussed ways to improve the relationship in the field of digital payments with the American multinational financial services corporation, Mastercard.

QIIB Chairman Sheikh Dr. Khalid bin Thani Al Thani visited the regional headquarters of Mastercard in London, accompanied by QIIB’s CEO Dr. Abdulbasit Ahmed Al Shaibei, and Chief of Business Development and Alternative Channels Sector, Mr. Omar Abdelaziz Al Meer.

Mr. Gilberto Caldart, Mastercard Vice Chairman of Senior Client Partnerships and Relationships, said that “the relations between QIIB and Mastercard are long-standing, this visit will undoubtedly establish an even stronger relationship and more effective cooperation with regards to payment solutions provided by Mastercard.”

Dr. Khalid bin Thani Al Thani
Dr. Khalid bin Thani Al Thani
Chairman – QIIB

“QIIB is satisfied with the strong relations with Mastercard, which have yielded positive results for both parties in the field of card payments and digital payments alongside many other projects. The continuous cooperation between QIIB and Mastercard reflects a mutual desire to enhance and develop the future of payments, which will generate wider options for our customers and many benefits provided by the world’s leading payments technology company, Mastercard. Enhancing the relations with Mastercard will enable QIIB to move forward in implementing its plans to promote digital transformation and create more technological solutions that are in line with Islamic Shariah, allowing QIIB to become a futuristic bank that provides all banking requirements for its customers digitally.”

For his part, Dr. Al Shaibei commented that, “The future opportunities available for cooperation between QIIB and Mastercard are vast, especially in light of the steady growth in demand for digital solutions and card payments.”

The QIIB CEO further noted that the customers can build their trust in the pioneering technological solutions that Mastercard will provide through this agreement, which will contribute in spreading the culture of using digital transactions by making them safe, simple, smart, and easily accessible.

Related: Qatar’s QIIB brings out direct ‘Dhareeba’ payment for Corporate Clients