Doha Bank and Mastercard Partner to Transform Qatar’s Payments Landscape
Doha Bank and Mastercard have entered into a long-term strategic partnership to enhance the bank’s customer service and payment solutions. This collaboration aligns with Doha Bank’s ‘Himma’ roadmap, designed to redefine its operations and client services.
The partnership is one of the largest deals of its kind in Qatar, reaffirming Doha Bank’s status as a key player in the country’s financial sector. The agreement, finalised swiftly, reflects the shared vision of both parties to promote digital payment adoption.
In addition to expanding its business in cards and digital payments, Doha Bank will leverage Mastercard’s digital solutions expertise to support its strategic transformation. This partnership will consolidate Doha Bank’s position in Qatar’s card sector.
“Doha Bank is committed to playing a pivotal role in achieving the objectives of the Third Financial Sector Strategic Plan as part of Qatar National Vision 2030. Our forward-looking partnership with Mastercard is a part of our continuous efforts to reshape the country’s payments landscape, providing the best benefits and solutions to the various segments of our customers,” said SheikhAbdulrahman bin Fahad Al Thani, Group CEO of Doha Bank.
“At Mastercard, we are focused on driving payment innovation, accelerating digital transformation, and boosting global financial inclusion. Qatar is an integral part of our growth strategy as one of the region’s most dynamic economies with a robust and positive outlook. This long-term partnership with Doha Bank will be a key milestone for the country’s ambitious digital future as we help unlock new opportunities for its people,” said Dimitrios Dosis, President of Eastern Europe, Middle East, and Africa, Mastercard.
Qatar’s Digital Transformation
Qatar has recently been actively pursuing digital transformation, identifying it as a critical driver of diversified economic development. The country has made significant investments in technology infrastructure and launched several initiatives to promote the adoption of digital technologies across various industries, including the financial sector.
Following the announcement, both Doha Bank and Mastercard will continue to focus on meeting customer needs, preferences, and demands in an evolving market while prioritising compliance with local regulatory requirements. This strategic partnership will also drive payment innovation, accelerate digital transformation, and boost financial inclusion.
Achieving Qatar National Vision 2030
Doha Bank remains committed to playing a crucial role in achieving the goals of the Third Financial Sector Strategic Plan as part of Qatar National Vision 2030. The collaboration with Mastercard is a testament to the bank’s dedication to providing enhanced benefits and solutions to various customer segments and developing the country’s payments landscape.
Conclusion
Doha Bank’s and Mastercard’s partnership represents a significant step forward in Qatar’s journey towards a digitally-driven economy. Both institutions are poised to lead the way in payments innovation and digital transformation by combining their expertise and resources. This collaboration reinforces Doha Bank’s leadership in the financial sector and supports Qatar’s broader vision of economic diversification and technological advancement. As the country continues to invest in its digital infrastructure, the strategic alliance between Doha Bank and Mastercard will play a pivotal role in shaping the future of payments in Qatar, ensuring that customers receive the best possible solutions and benefits.
