| 02 Mar 2010 |
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MasterCard and QNB Launch the First Titanium MasterCard Credit Card in Qatar
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Qatar, 2nd of March 2010 - Qatar National BankQatar National Bank
(QNBQNB), the country's leading financial institution, in collaboration with MasterCard Worldwide, announced today the launch of the QNB Qatar Airways Titanium MasterCard credit card. The first MasterCard Titanium card program in Qatar, the card offers a host of benefits, such as superior insurance packages, extended warranty options and a growing airport lounge access program.The QNB Qatar Airways Titanium MasterCard credit card is targeted at the upwardly mobile and financially confident young consumer, and is designed to recognize the cardholder's willingness to stand out from the crowd. The card offers a range of privileges including free access to the Marhaba Lounge in Dubai, and an extended warranty on select purchases for one year. In addition, cardholders can accumulate Qmiles within the Qatar AirwaysQatar Airways loyalty program, receiving 1 Qmile for every QR 8 spent on their Titanium credit card.
Beside these unique offers, MasterCard cardholders will also have access to MasterCard Moments, an exclusive online repository of privileges. This program is specially designed for MasterCard cardholders to offer them benefits which include member-only invitations to special events and unique experiences, personalized moments tailored according to each cardholder's interest and a Moments Wish List to manage chosen privileges.
Mr. Ali Al Kuwari, QNBQNB's Executive General Manager & Chief Business Officer, said: "at QNBQNB, we understand the lifestyle needs of the affluent in Qatar. Therefore, we worked closely with MasterCard to offer our customers benefits that are meaningful to their lifestyle. We are delighted to be launching the first MasterCard Titanium credit card in Qatar as we believe it's a testament to our commitment to offer our customers the best value and service".
Eyad Al- Kourdi, Vice President & Country Manager, Southern Gulf - Oman, Qatar and UAE, MasterCard Worldwide said: "MasterCard is pleased to have collaborated with Qatar National BankQatar National Bank
, to launch the first Titanium credit card in Qatar. MasterCard has a long and successful relationship with QNBQNB and the Titanium MasterCard credit card is a great example of how MasterCard works with customer banks to develop targeted payment solutions that cater to the needs of specific groups of consumers."- Ends -
About QNB
QNBQNB
was established in 1964 as the country's first Qatari-owned commercial bank. The ownership structure is split between the Government of Qatar (50%) and the private sector (50%). QNBQNB is among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets. QNBQNB has the largest distribution network in Qatar, comprising 44 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNBQNB Al Islami, and more than 160 ATMs.
QNBQNB is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
For further information, please contact QNBQNB's Public Relations Department at (974) 4252477, Fax (974) 4252589, email: PR@qnb.com.qa or visit QNBQNB's website www.qnb.com.qa
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.
For more information, please contact:
Heba Hassan
GolinHarris Dubai
Tel: +971 4 332 3308
mobile +971.50.678.9617
Email: hhassan@golinharris.ae
© Press Release 2010
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