Strategic Partnership Between QNB Group and TransferMate to Enhance Global Payment Solutions
As part of its ongoing commitment to innovation and digital transformation, QNB Group, the largest financial institution in the Middle East and Africa, has announced a strategic partnership with TransferMate, a global leader in B2B payment infrastructure. This collaboration marks a significant step forward in strengthening QNB’s international payment and collection capabilities, providing clients with more efficient and seamless cross-border financial solutions.
Enhancing Global Payment Infrastructure:
The partnership aims to expand QNB’s global collection and local account solutions for corporate clients worldwide. By directly integrating TransferMate’s award-winning technology into QNB’s banking platforms, corporate customers will gain access to a broader international network that enables multi-currency collections and management of local accounts across numerous markets.
Benefits for QNB Clients:
Through this advanced integration, QNB’s corporate clients will enjoy several key advantages:
- Issuing invoices and receiving cross-border payments in multiple currencies quickly and efficiently.
- Reduced transaction times and lower fees for international payments.
- Improved cash flow management and greater transparency in financial operations.
- Enhanced efficiency in managing global accounts while maintaining high standards of security and compliance.
Driving Digital Transformation:
This partnership highlights QNB’s ongoing dedication to digital innovation and delivering cutting-edge financial solutions that empower businesses to manage international transactions with greater flexibility and control. Notably, this represents TransferMate’s first banking partnership in the Middle East, reflecting QNB’s leading role in driving digital transformation in the regional financial sector.
Strategic Importance:
The collaboration marks an important milestone in QNB’s journey toward providing future-ready banking services, combining the bank’s extensive financial expertise with TransferMate’s advanced fintech infrastructure. Together, they are setting a new benchmark for seamless, transparent, and cost-effective cross-border payments that support global business growth.
Through its partnership with TransferMate, QNB Group reinforces its position as a regional powerhouse with a global vision — uniting trusted banking experience with cutting-edge technology. For TransferMate, this alliance represents its strategic entry into the Middle Eastern market, showcasing how financial institutions and fintech innovators can work hand in hand to redefine the future of international payments.
