Doha Bank and Mastercard have formed a long-term strategic partnership. This partnership aligns with Doha Bank’s "Himma" roadmap, which seeks to redefine how the bank operates and serves its clients.

This collaboration is one of the largest deals of its kind in Qatar. It reaffirms Doha Bank’s status as a key player in the country's financial sector. The agreement was finalized quickly, reflecting the shared vision of both parties to promote the adoption of digital payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

Swift Agreement Boosts Digital Payments

Through this partnership, Doha Bank will expand its business in cards and digital payments. Doha Bank will also benefit from Mastercard's expertise in digital solutions, supporting its strategic transformation. This will help to consolidate Doha Bank's leading position in the country's card market.

“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,” said Dimitrios Dosis, President, Eastern Europe, Middle East and Africa, Mastercard.

Mastercard and @DohaBankQatar announce long-term strategic partnership to shape #Qatar’s #payments landscape. The move aligns with #Doha Bank’s ‘Himma’ roadmap that aims to redefine how it operates and serves its clients. Read more: https://t.co/FtRpcKzFZy pic.twitter.com/NZPwVRgmfU

— Mastercard Arabia (@MastercardMENA) June 13, 2024

Qatar Promotes Digital Adoption

Qatar has been actively pursuing digital transformation in recent years. This has been identified as a main driver of diversified economic development. The country has made significant investments in technology infrastructure. It has also launched several initiatives to promote the adoption of digital technologies in various industries, including the financial 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 reshaping the country’s payments landscape providing the best benefits and solutions to the various segments of our customers,” said Sheikh Abdulrahman bin Fahad Al Thani, Group CEO, Doha Bank.