Mastercard Licenses QNB to Expand Digital Payments in Syria
Cairo, Egypt – [Date] – Mastercard has granted a license to QNB Group, the largest financial institution in the Middle East and Africa, enabling the bank to expand its payment issuance and acceptance activities in Syria. The move allows QNB to offer locally and internationally accepted Mastercard payment solutions to individuals and businesses across the country.
This initiative follows a Memorandum of Understanding signed between Mastercard and the Central Bank of Syria in September 2025, aimed at modernizing Syria’s digital payment infrastructure. The partnership is set to enhance secure, seamless, and innovative digital transactions and broaden financial access.
Adam Jones, Regional President, Western Arab Region, Mastercard, said:
"We continue to strengthen our presence in Syria as one of the early innovators in this growing market. Supporting our banking partners is essential to expanding financial access for millions, while laying the foundation for a future-ready payment ecosystem."
The collaboration reflects QNB’s commitment to digital innovation and sustainable growth in the Syrian market. By leveraging Mastercard’s global network, the partnership aims to advance financial inclusion, empower digital banking, and foster a modern, secure payment ecosystem.
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