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FinancialNews
16-06-20
QNB Group and MasterCard commence first successful global payment transaction in Sudan
(MENAFN)
QNB Group, the biggest financial institution in the Middle East and Africa, turns out to be the first bank in Sudan to have successfully performed a global payment card transaction incorporation with MasterCard, an international technology company in the payments industry.
The transaction was done using a MasterCard virtual prepaid card product. QNB is also the first Bank in Sudan to have gotten a released license from MasterCard. The first successful global prepaid card transaction was performed on 14 June 2020 and it marks a vital and historic milestone for QNB and MasterCard's tactical plans in Sudan and across Africa.
Through this collaboration, QNB will issue and accept the MasterCard-branded payment cards in Sudan, permitting more people and businesses countrywide to enjoy more convenient, secure, and easy to utilize ways to pay domestically and internationally. The QNB MasterCard product is a secure and innovative digital payment solution that is accepted globally, including e-commerce websites.
MENAFN1606202000450000ID1100331488
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