QIIB and Visa sign partnership deal to enhance card payments and digital transformation

In a significant step toward advancing digital transformation, QIIB and Visa have signed a strategic partnership agreement focusing on card payments and the development of innovative products and services.The agreement was signed by QIIB Chief Executive Officer Dr Abdulbasit Ahmad al-Shaibei and Visa’s Senior Vice-President and Group Country Manager for GCC Dr Saeeda Jaffar.The signing ceremony was attended by senior management from QIIB and key officials from Visa, underscoring the importance of this collaboration.This agreement marks an important milestone in the ongoing collaboration between QIIB and Visa to enhance the customer experience by providing innovative and secure products and services, offering new opportunities in card payments and related digital transactions.Speaking at the signing ceremony, Dr al-Shaibei stated: "We are delighted to sign this co-operation agreement with Visa today. This marks the continuation of a long-standing and successful partnership between our organisations.The agreement will further strengthen our shared business prospects and projects, leading to positive outcomes for our customers and overall operations.”He noted, "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”.The QIIB CEO expressed confidence that "the agreement will be implemented systematically, as has always been the case when it comes to collaboration with Visa, with the involvement of the relevant departments at QIIB. This will form the foundation for growth in the volume and figures of our joint business.”Dr al-Shaibei concluded: "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.”Jaffar stated: "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 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.”