Mastercard has granted an official licence to QNB group to resume its operations in Syria for the first time in 14 years, signalling a decisive step for the country’s reintegration into global payment networks.
It comes after years of international isolation and sweeping sanctions imposed during the rule of Bashar Al Assad.
QNB Group is a Qatari financial institution and the largest bank in the Middle East and Africa, with branches in Syria.
It is the first bank in Syria to secure such agreements, following a preliminary agreement signed in September between Mastercard and the Central Bank of Syria aimed at supporting the modernisation of the country’s digita
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