QNB Group recognised for excellence in commercial credit cards growth in Qatar

23/02/2025 13:20 AST

QNB Group has been presented with an award by Mastercard for having the fastest growing commercial credit card portfolio in Qatar.

This accolade highlights QNB's prominent position in the financial sector, particularly within the commercial cards and payments space. It also reflects the bank's steadfast dedication to supporting businesses across Qatar by offering tailored and innovative financial solutions that meet their evolving needs. Mastercard assessed the performance of QNB as compared to all other banks issuing Mastercard commercial credit cards in Qatar.

QNB's advanced payment solutions are designed to address the diverse requirements of commercial clients, including SMEs and large corporates. These solutions enable businesses to better manage expenses, payables and cash flow while integrating seamlessly with corporate reporting and expense management tools. This integration enhances transparency and operational efficiency, empowering companies to optimize their financial management processes.

The bank's commercial card offerings also include features such as merchant-level transaction control, providing businesses with greater oversight of their payment operations. The QNB Corporate Card comes with a suite of benefits, including a Corporate Liability Waiver, which protects against card misuse. Additionally, it offers detailed expenditure insights accessible through QNB's Mastercard expense management and analytics platform. These insights allow companies to make informed decisions and negotiate more favorable terms with their supply chains.

"We are proud to be acknowledged by our valued partner Mastercard for our efforts in transforming commercial payment solutions in Qatar. Our commitment is to empower businesses with cutting-edge tools that simplify payment and expense management processes, enabling them to focus on growth and success. This recognition reaffirms our dedication to delivering world-class financial services that drive economic progress in Qatar," stated Adel Ali Al Malki, Senior Executive Vice President - QNB Group Retail Banking, QNB.

"We are pleased to recognize QNB Group, and this award highlights the success of the bank's continued efforts to streamline payments and enhance financial efficiency for companies large and small. We look forward to strengthening our collaboration and driving continued innovation in Qatar's business ecosystem," said Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard.

The Peninsula