Mastercard continues to expand in the Middle East #

Mastercard teams up with QNB Group, the largest financial institution in the Middle East and Africa, for a major expansion of their partnership following the granting of a Mastercard licence to QNB Group to extend its issuing and acquiring activities in Syria.

A memorandum of understanding was signed in September between Mastercard and the Central Bank of Syria, which focused on supporting the development and modernisation of the country’s digital payments infrastructure.

Adam Jones, division president, West Arabia, at Mastercard, reports that “At Mastercard, we are deepening our commitment to Syria as early investors in a market undergoing meaningful transformation. By empowering our partner banks, we are enabling millions of citizens to access modern financial services and laying the foundations for a robust, future-ready payments ecosystem.”