QNB and Mastercard host first Commercial Cards Payment Forum

Posted on : Wed, 19 Apr 2023

QNB Group,   the largest financial institution in the Middle East and Africa, in cooperation with Mastercard, a global payment technology company, recently organized the  first Commercial Cards Payment Forum. 
The forum, which was attended by key stakeholders from QNB and Mastercard, focused on the latest global and regional trends affecting the commercial payments landscape. The agenda contained practical and actionable insights, which can be used to benefit commercial card customers. 

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 products available to corporates and SMEs focus on driving greater efficiencies for businesses to better manage their cash flow, expenses, and payables. The rich and detailed information, available to customers through the Mastercard Smart Data reporting platform, allows for better decision making through multiple data points, which are relevant, up to date and accurate. 

Besides having transaction control at merchant level, which allows for greater control for the commercial customer, QNB Mastercard commercial payment solutions come with a Corporate Liability Waiver, which protects commercial customers against any potential misuse. 

Commenting on  this, Mr. Adel Al-Malki, Senior Executive Vice President, Group Retail Banking, QNB, said, “We are very pleased to be able to co-host this forum with Mastercard. QNB commercial payment products are well-positioned to allow companies to focus on managing and growing their business without having to worry about the payments capability. The commercial payments business is very strategic to QNB, and we will continue to invest in it to ensure our customers enjoy the safest, most convenient and rewarding payment solutions.” 

Khalid Ahmed Al-Sada, Senior Executive Vice President, Group Corporate and Institutional Banking, QNB, added, “We remain committed to developing and growing the commercial payments landscape in line with Qatar Government’s vision of promoting greater electronic payments. We encourage our customers to get in touch with their respective Corporate and SME Relationship Managers, who would be delighted to share more information about the commercial payment products and how they can benefit their business.” 

Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said, “In partnership with leading players like QNB, Mastercard is committed to supporting businesses of all sizes through innovative new technologies and rewarding corporate solutions. Our inaugural Commercial Cards Payment Forum allowed us to further explore this fast-moving space with our partners and chart the path for even greater innovation.”

QNB Group, currently ranked as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group extends to more than 28 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 28,000 operating through 900 locations, with an ATM network of more than 4,800 machines