Doha: Qatar National Bank (QNB) Group, a Qatari public shareholding company, has announced the introduction of payment card acceptance services and digital payment solutions in Syria. This move follows a recent decision by the Central Bank of Syria aimed at modernizing the country's financial sector.
According to Qatar News Agency, this significant development is a step toward enhancing the digital payments infrastructure within Syria. QNB Group emphasized that this launch signifies their ongoing commitment to fostering economic growth, promoting financial inclusion, and creating a secure trading environment.
Adel Ali Al Malki, Senior Executive Vice President of Group Retail Banking at QNB, expressed pride in being the first bank globally to facilitate the acceptance of digital payments and international payment cards in the Syrian market. He highlighted the rapid transformation in Syria, driven by the Central Bank's efforts to decrease reliance on cash. Al Malki stated that they aim to deliver a seamless, secure, and instant digital payment experience that meets customer expectations.
The launch of this service demonstrates close coordination among various parties, ensuring adherence to local regulations and international standards. QNB Group plans to adopt a phased and organized approach to sustainably expand card acceptance services across different sectors.