Qatar International Islamic Bank (QIIB), a leading privately-owned commercial bank in Qatar that offers Islamic banking services, has signed a partnership agreement with Visa, focused on enhancing card payments and driving digital transformation.
The partnership agreement was signed by Dr. Abdulbasit Ahmed Al Shaibei, CEO at QIIB, and Dr. Saeeda Jaffar, SVP and Group Country Manager for GCC at Visa. The signing ceremony was attended by senior management from QIIB and key officials from Visa.
This agreement marks a key milestone in the ongoing collaboration between QIIB and Visa to elevate the customer experience by providing cutting-edge and secure products and services, offering new opportunities in card payments and related digital transactions.
“We are delighted to sign this cooperation agreement with Visa today. This marks the continuation of a long-standing and successful partnership between our organizations. The agreement will further strengthen our shared business prospects and projects, leading to positive outcomes for our customers and overall operations. There is no doubt that the agreement signed with Visa will contribute to enhancing the innovation and digital transformation efforts in which we have already made significant progress. We rely on Visa’s extensive expertise in this field, which aligns with the bank’s strategic direction to expand in digital payments and in alignment with the Third Financial Sector Strategic Plan launched by the Qatar Central Bank and stay in line with the latest global developments in payment operations and advanced solutions.”
Dr. Saeeda Jaffar stated that, “At Visa, we are proud of our role in growing the digital economy in Qatar through our innovative and secure digital payment solutions. Partnerships are key to our mission and our collaboration with QIIB marks a significant milestone in our commitment to enhance the digital payment landscape in Qatar. Together, we aim to support the Qatar government’s efforts to create a thriving digital economy, and we look forward to extending the benefits of digital payments to more consumers while supporting local businesses in the country.”
“QIIB will continue to work closely with various partners in all areas related to banking services to strengthen its role, respond to competitive challenges, and manage potential risks according to the best standards in the banking sector, which will have a positive impact on our services, products, and our growing customer base,” added Al Shaibei.
