Doha Bank and Mastercard have entered into a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. The move is in line with Doha Bank’s “Himma” roadmap, which aims to redefine how it does business and serves its customers.
The groundbreaking collaboration is one of the largest deals of its kind in Qatar and underlines the bank’s status as a key player in the country’s financial sector. The agreement was completed in record time and underscores the two parties’ shared vision to drive digital payment adoption.
In addition to expanding its business in cards and digital payments, Doha Bank will benefit from Mastercard’s expertise in digital solutions to support Doha Bank’s strategic transformation process. This strategic partnership will help consolidate the leading position of Doha Bank cards in the country.
“Doha Bank is committed to playing a critical role in achieving the objectives of the Third Financial Sector Strategic Plan as part of Qatar National Vision 2030. Our pioneering partnership with Mastercard is part of our ongoing efforts to reshape the country’s payments landscape. We offer the best benefits and solutions to the various segments of our customers,” said Sheikh Abdulrahman bin Fahad Al Thani, Group CEO of Doha Bank.
“At Mastercard, we are focused on driving innovation in payments, accelerating digital transformation and promoting financial inclusion worldwide. 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 an important milestone for the country’s ambitious digital future as we help unlock new opportunities for its people,” said Dimitrios Dose, President of Eastern Europe, the Middle East and Africa at Mastercard.
In recent years, Qatar has actively promoted digital transformation, which has been identified as a key driver of diversified economic development. The country has made significant investments in technology infrastructure and launched several initiatives aimed at promoting the adoption of digital technologies in various industries, including the financial sector.