Doha, 7 November 2022- SADAD Payment Solutions has signed a cooperation and strategic partnership agreement with QNB, the largest financial institution in the Middle East and Africa, to develop the field of electronic financial payments and the financial technology sector in Qatar, whereas; QNB is the leader in supporting the financial technology sector in the State of Qatar.
The signing of the agreement comes in the light of QNB’s commitment to its pioneering and strategic role in supporting emerging technology companies in Qatar and as the first supporter of Qatari startups in various fields. SADAD Payment Solutions Company has recently obtained a license from Qatar Central Bank to provide payment services and provide multiple solutions through electronic payment platforms for companies and e-commerce service providers in Qatar.
SADAD Payment Solutions' partnership with QNB also represents the culmination of the bank's main role in supporting Qatari technology companies in the field of e-commerce and digital transformation.
The e-commerce portal of QNB offers unique and integrated solutions for e-business and provides an integrated platform for communication to enable companies and individuals to perform their electronic commercial transactions and take advantage of a wide range of features and advantages to develop their business.
The agreement provides integrated platforms and unique solutions for e-business during the upcoming World Cup.
SADAD Payment Solutions, the leading Qatari company in providing payment solutions among companies, cooperates with QNB as a strategic partner to provide distinguished systems for managing electronic payments for companies in various sectors within Qatar, allowing customers to carry out their transactions via websites easily with the most secure and trusted systems in Qatar.
The partnership between SADAD Payment Solutions and QNB provides ways to take advantage of the latest technologies and the working through an advanced electronic control platform to process and review corporate transactions, send financial business requests and electronic payments, and browse analytical reports covering past transactions.
Commenting on the signing, Mr. Adel Ali Al-Malki, General Manager Group Retail, said” QNB’s role goes beyond being a major supporter of startups in Qatar. At QNB, we play a significant role in developing the financial sector in Qatar using state-of the- art tools and products. This agreement supports our preparations for the world’s biggest football tournament, the FIFA World Cup Qatar 2022™, with its first version in the Arab world.”
In his statement, Mr. Nasser Abdullah Nasser, General Manager of SADAD, ”has expressed his gratefulness for QNB for its great role in developing the field of electronic financial payments in the State of Qatar. The distinguished partnership between SADAD Payment Solutions and QNB has been established several years ago, and included continuous efforts on the promotion and development of the technological financial sector in the state of Qatar.”
SADAD Payment Solutions is proud of its strong partnership with QNB and of being both partners of the Qatar National Vision 2030. Being licensed by Qatar Central Bank to provide payment services in Qatar, this allowed SADAD Payment Solutions to invest in the development of its services and innovation and proudly contribute to the development of the Qatari financial sector.