QNB Group has entered into a strategic partnership with TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service, to expand global receivables and local accounts solutions for QNB customers worldwide.
This partnership enables QNB to integrate TransferMate’s award-winning technology directly into its platform, providing corporate clients with access to a broader network of international multicurrency collections and local accounts capabilities.
Through this collaboration, QNB customers will now be able to invoice and receive cross-border payments in multiple currencies, benefiting from reduced transaction times and fees, improved cash flow management, and enhanced transparency and reconciliation.
According to the statement, QNB constantly strives to provide its customers with new and innovative solutions to support their business needs. This platform enables them to receive international payments in multiple currencies so seamlessly, which is considered a game-changer for its clients.
This marks TransferMate’s first banking partnership in the Middle East, capitalizing on the strategic alliances the fintech has established with major financial institutions and global notable brands.
Further, the partnership marks a major milestone in QNB’s ongoing digital transformation journey and reinforces its position as a leader in delivering future-ready banking services.
TransferMate
TransferMate is a leading provider of embedded B2B payments technology, helping companies, software providers & financial institutions to streamline their global receivables, payments, and local account needs. The company owns the largest E-Money or payment license network of any fintech, regulated in 92 jurisdictions and owning 99 licenses.
