Doha Bank and Mastercard to find new payment innovation in Qatar

credit: Shutterstock
credit: Shutterstock

Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. 

This partnership move aligns with Doha Bank’s ‘Himma’ roadmap that aims to redefine how it operates and serves its clients. The collaboration is one of the largest deals of its kind in Qatar, reaffirming the bank’s status as a key player in the country’s financial sector. 

Sheikh Abdulrahman bin Fahad Al Thani, Group CEO of Doha Bank, said: “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.”

In addition to expanding the size of its business in the field of cards and digital payments, Doha Bank will benefit from Mastercard’s expertise in the field of digital solutions to support the strategic transformation process at Doha Bank. 

The strategic partnership will contribute to consolidating the leading position of Doha Bank’s cards in the country.

Dimitrios Dosis, President, Eastern Europe, Middle East and Africa at Mastercard, added: “At Mastercard, we are focused on driving payments innovation, accelerating digital transformation, and boosting financial inclusion across the globe. 

“As one of the region’s most dynamic economies with a robust and positive outlook, Qatar is an integral part of our growth strategy. 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.”

In recent years, Qatar has been actively pursuing digital transformation, which has been identified as a main driver of diversified economic development. The country has made investments in technology infrastructure and launched several initiatives aimed at promoting the adoption of digital technologies in various industries, including the financial sector.