Post by : Bianca
Haleem
Doha, Qatar; January 6, 2026:
Mastercard has revealed that QNB Group, the premier financial institution across the Middle East and Africa, has been awarded a Mastercard license that will enable it to broaden its issuing and acquiring operations in Syria. This strategic move allows QNB to provide Mastercard payment solutions, which are recognized both locally and globally, to consumers, merchants, and enterprises in the region.
This initiative follows a memorandum of understanding established in September between Mastercard and the Central Bank of Syria, intended to bolster the modernization and resilience of Syria's digital payment system. This partnership aims to enhance access to secure, efficient, and innovative payment experiences while facilitating Syria's shift toward a more digitally-oriented economy.
This development highlights the united commitment of Mastercard and QNB to improving the digital banking landscape, promoting financial inclusion, and opening pathways for economic growth through innovative technology. By expanding access to electronic payment systems, this collaboration seeks to empower consumers, foster local businesses, and enhance the overall payments framework.
Furthermore, this partnership illustrates QNB Group's determination to spearhead digital innovation across its global presence and its ongoing dedication to nurturing sustainable growth in promising markets. As a leading banking group in the region, QNB plays a crucial role in promoting financial innovation and expanding access to advanced financial solutions.
Together, Mastercard and QNB intend to significantly impact Syria's payments sector by facilitating secure digital transactions, advancing transparency, and supporting the nation’s overarching economic development goals.
Commenting on the announcement, Adam Jones, Division President, West Arabia, Mastercard, stated:
“At Mastercard, we are reinforcing our commitment to Syria as early supporters in a rapidly transforming market. By strengthening our partner banks, we aim to provide millions with access to contemporary financial services and to help construct a robust, forward-thinking payments system. Our initiatives align with the nation's ambitions for sustainable economic advancement, all while strictly adhering to regulatory and compliance guidelines.”
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