QIIB, Mastercard sign MoU to establish strategic partnership

QIIB, Mastercard sign MoU to establish strategic partnership

QIIB and Mastercard have signed a Memorandum of Understanding (MoU) to establish a strategic partnership, which will focus on developing the bank's digital channels for international remittances and payments and increasing its customer base.The agreement builds on the long-standing collaboration between the two parties.In the initial stage, the focus will be on developing the bank's digital channels for international remittances and payments, QIIB said Saturday.The move is part of the digital transformation plan implemented by QIIB in line with the Qatar Central Bank’s strategy for a comprehensive digital transformation of the banking sector.The agreement also serves the goal of expanding the bank’s customer base through the development of international remittance services.The MoU was signed by Dr Abdulbasit Ahmed al-Shaibei, CEO, QIIB, and Khalid Elgibali, Division President, Middle East & North Africa, Mastercard.The signing ceremony took place at QIIB headquarters on Grand Hamad Street in the presence of the bank's senior management and several high-level officials from Mastercard.Al-Shaibei stated, “We are extremely pleased to sign this MoU with such an important and trusted global partner as Mastercard. We would like to thank them for their interest in developing co-operation with us and enhancing it strategically in the coming period.""Our relationship with