Ooredoo and Visa have introduced the signing of a memorandum of understanding (MoU) geared toward establishing a long-term strategic partnership leading to an improved and extra seamless fee expertise for Visa cardholders and Ooredoo prospects in Qatar.
The partnership places Ooredoo and Visa on a brand new path, with the businesses working extra collaboratively to speed up the adoption of secure, dependable, and handy digital funds for shoppers and retailers.
As a part of this MoU, Ooredoo and Visa will work to supply modern options to shoppers in Qatar, together with digital pay as you go playing cards – reloadable playing cards which can be secure, dependable and accepted at Visa’s greater than 53mn service provider places worldwide; Visa’s QR-based ‘Scan to Pay’ resolution for person-to-merchant transactions; and Visa Direct, which permits cardholders and companies to push funds disbursements and remittances to playing cards quickly, conveniently, and cost-effectively throughout borders, Ooredoo has stated in a press release.
The MoU may even see the companions collaborate on consciousness initiatives and advertising campaigns to assist the introduction of the home and cross-border fee options to Qatar.
Fatima Sultan al-Kuwari, chief shopper officer at Ooredoo Qatar, stated: “This settlement opens new avenues for Ooredoo to collaborate with Visa, with monetary establishments and with others within the funds ecosystem to ship larger value, extra decisions and new experiences for our joint prospects, and helps Qatar because it progresses in the direction of the 2030 imaginative and prescient of a digital economic system.
“Giving consumers choice in how and where they pay is essential to our vision of enriching our customers’ digital lives, and we welcome the opportunity to work with more partners like Visa who share this vision.”
Marcello Baricordi, common supervisor Mena at Visa, added: “We’re delighted to accomplice with Ooredoo to convey a spread of modern and safe fee options to shoppers and companies in Qatar.
“This is a significant step forward in our efforts to collaborate with our local partners in digitising commerce especially at a time when we are seeing an even greater appetite for fast and secure digital payment systems.”