Qatar QIB partners with China’s UnionPay for smooth digital payment

  • Date: 25-Jan-2023
  • Source: GCC Business News
  • Sector:Technology
  • Country:Qatar
  • Who else needs to know?

Qatar QIB partners with China’s UnionPay for smooth digital payment

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has partnered with China-based UnionPay International (UPI), one of the largest card payment organizations in the world, allowing UnionPay’s contactless cards to be accepted on all QIB POS terminals and ATMs in Qatar and further improve the cardholder experience.

Since UnionPay has been a preferred card for many visitors to Qatar in the previous year, this partnership emphasizes QIB’s commitment to moving to a cashless society and helps make it convenient for UnionPay cardholders to pay for services on all QIB POS terminals.

Tarek Fawzi

General Manager

Wholesale Banking Group

QIB “We are pleased to be working with UnionPay to give access to more mobile payment technologies in Qatar. This partnership will play an important role in further promoting digital payments in Qatar by offering advanced, secure, and efficient payment processing services for all UnionPay cardholders and ensuring smooth cross-border payments.”

Mr. James Yang, UnionPay International Middle East General Manager said that “We are proud to be joining forces with the leading digital bank in Qatar to provide several payment opportunities to our cardholders, particularly visitors to Qatar. Through this joint venture, we are close to achieving full coverage in Qatar for UnionPay cardholders in line with our