Ooredoo, Visa sign MoU for strategic partnership for Qatar
May 09 2020 09:38 PM
Ooredoo and Visa officials after the signing of the MoU.
Ooredoo and Visa officials after the signing of the MoU.

Ooredoo and Visa have announced the signing of a memorandum of understanding (MoU) aimed at establishing a long-term strategic partnership resulting in an improved and more seamless payment experience for Visa cardholders and Ooredoo customers in Qatar.

The partnership puts Ooredoo and Visa on a new path, with the companies working more collaboratively to accelerate the adoption of safe, reliable, and convenient digital payments for consumers and merchants.

As part of this MoU, Ooredoo and Visa will work to offer innovative solutions to consumers in Qatar, including virtual prepaid cards – reloadable cards that are safe, reliable and accepted at Visa’s more than 53mn merchant locations worldwide; Visa’s QR-based ‘Scan to Pay’ solution for person-to-merchant transactions; and Visa Direct, which enables cardholders and businesses to push funds disbursements and remittances to cards rapidly, conveniently, and cost-effectively across borders, Ooredoo has said in a statement.

The MoU will also see the partners collaborate on awareness initiatives and marketing campaigns to support the introduction of the domestic and cross-border payment solutions to Qatar.

Fatima Sultan al-Kuwari, chief consumer officer at Ooredoo Qatar, said: “This agreement opens new avenues for Ooredoo to collaborate with Visa, with financial institutions and with others in the payments ecosystem to deliver greater value, more choices and new experiences for our joint customers, and supports Qatar as it progresses towards the 2030 vision of a digital economy.

“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, general manager Mena at Visa, added: “We are delighted to partner with Ooredoo to bring a range of innovative and secure payment solutions to consumers and businesses 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.”





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