QIIB And Visa Sign Partnership Agreement To Enhance Card Payments, Digital Transformation

DOHA: In a significant step toward advancing digital transformation, QIIB and Visa have signed a Strategic Partnership Agreement focusing on card payments and the development of innovative products and services.

The agreement was signed by Dr. Abdulbasit Ahmed Al Shaibei, CEO of QIIB, and Dr. Saeeda Jaffar, Visa's SVP and Group Country Manager for GCC. The signing ceremony was attended by senior management from QIIB and key officials from Visa, underscoring the importance of this collaboration.

This Agreement marks an important milestone in the ongoing collaboration between QIIB and Visa to enhance the customer experience by providing innovative and secure products and services, offering new opportunities in card payments and related digital transactions.

Speaking at the signing ceremony, Dr. Al Shaibei stated:

“We are delighted to sign this cooperation agreement with Visa today. This marks the continuation of a long-standing and successful partnership between our organizations. The agreement will further strengthen our shared business prospects and projects, leading to positive outcomes for our customers and overall operations.”

Dr. Al Shaibei further added:“There is no doubt that the agreement signed with Visa will contribute to enhancing the innovation and digital transformation efforts in which we have already made significant progress. We rely on Visa's extensive expertise in this field, which aligns with the bank's strategic direction to expand in digital payments and in alignment with the Third Financial Sector Strategic Plan launched by the Qatar Central Bank and stay in line with the latest global developments in payment operations and advanced solutions”.

“The CEO of QIIB expressed his confidence that“the agreement signed today will be implemented systematically, as has always been the case when it comes to collaboration with Visa, with the involvement of the relevant departments at QIIB. This will form the foundation for growth in the volume and figures of our joint business.”

Dr. Saeeda Jaffar, Senior Vice President and Group Country Manager for the GCC region at Visa, stated:“At Visa, we are proud of our role in growing the digital economy in Qatar through our innovative and secure digital payment solutions.

Partnerships are key to our mission and our collaboration with QIIB marks a significant milestone in our commitment to enhance the digital payment landscape in Qatar. Together, we aim to support the Qatar government's efforts to create a thriving digital economy, and we look forward to extending the benefits of digital payments to more consumers while supporting local businesses in the country.”

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