Mastercard granted QNB Group a license to issue and acquire its payment solutions in Syria. QNB Group is the largest financial institution operating across the Middle East and Africa.
This authorization enables individuals and businesses in Syria to access Mastercard services. These services cover both local and international transactions.
The initiative supports a broader effort to modernize Syria's digital payments infrastructure. This follows a Memorandum of Understanding signed in September between Mastercard and the Central Bank of Syria.
The collaboration aims to enhance the digital banking experience and promote financial inclusion. It also seeks to support sustainable economic progress within the transforming Syrian market.