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Doha: - QNB Group, the largest financial institution in the Middle East and Africa, recently received the award for “The Most Promising Commercial Cards Program in MEA” from Mastercard, in recognition of the Bank’s highly competitive set of Commercial Payment propositions.
QNB’s cutting-edge payment solutions come with a range of benefits and privileges, specially curated to meet the ever-changing demands of the commercial customers. The commercial cards program has been designed to allow corporates and SMEs to better manage their expenses, payables, and overall cashflow. The cards are adaptable and can be used in combination with corporate reporting and expense management solutions. They have also driven greater visibility and efficiency into corporate purchasing decisions and general expenditures.
Furthermore, QNB’s commercial card solutions are enabled to have merchant level transaction control, giving companies greater peace of mind with their day-to-day activities. Other benefits include the Corporate Liability Waiver, which protects commercial customers against any potential misuse of cards. However, the most notable feature of the solution is the rich and detailed information, which corporate clients can access and gain through QNB’s Mastercard Smart Data platform. These world-class payment solutions come with great flexibility and easy usage.
Mastercard awarded QNB the plaques in a private online ceremony attended by QNB’s Executive General Manager and Group Chief Business Officer, Mr. Yousef Mahmoud Al-Neama, Group Retail General Manager, Ms. Heba Al-Tamimi and Acting General Manager Group Corporate and Institutional Banking, Mr. Ali Abdullah Darwish.
Commenting on this achievement, Mr. Yousef Mahmoud Al-Neama, QNB’s Executive General Manager and Group Chief Business Officer, said “QNB’s Commercial Cards and Payment solution is the best in class commercial payment instrument which we are confident will bring about great benefits to our customers. We are committed to bring about the safest, most convenient and rewarding solution to the business community, reiterating our focus and intention to growing the corporate payments market which supports Qatar’s cashless society vision.”
Nadia Ghissassi, Country Manager Qatar, Oman, Kuwait & Iraq, Mastercard said: “QNB’s wide range of commercial cards comes complete with world-class capabilities, powered by Mastercard’s technology and QNB’s exclusive benefits. We are focused on helping both corporates and SMEs by giving them innovative products and payment solutions that enable them to scale and grow and make the most of the digital economy. Our long-standing partnership with QNB is a testament to our commitment of catering to discerning Qatari businesses and driving digital transformation in the country.”
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,000 operating through 1,000 locations, with an ATM network of more than 4,400 machines.
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About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
Mastercard Communications Contact
rama.aslayegh@mastercard.com
© Press Release 2021
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