QNB Group, the largest financial institution in the Middle East and Africa, has entered into a strategic partnership with TransferMate, the world’s leading provider of embedded B2B payments infrastructure. This collaboration is set to transform the way QNB’s corporate clients manage global receivables and local accounts by integrating TransferMate’s advanced cross-border payment technology directly into QNB’s platform.
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With this partnership, QNB customers will gain access to a wider network of international multicurrency collections and local account capabilities—allowing them to send and receive payments across borders with greater ease and efficiency. Businesses can now invoice and receive payments in multiple currencies while enjoying faster transactions, lower fees, and improved cash flow management. The integration also enhances transparency and reconciliation, helping clients maintain smoother financial operations and better control over their international payments.
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“At QNB, innovation and customer empowerment are at the heart of everything we do,” said a QNB spokesperson. “This new partnership enables our customers to receive international payments in multiple currencies more seamlessly than ever before. It’s a game-changer for businesses that operate globally and need efficient, secure, and transparent financial solutions.”
For TransferMate, this collaboration marks an important milestone its first-ever banking partnership in the Middle East. The fintech firm has built a strong reputation through its alliances with leading global banks and brands, and the partnership with QNB further expands its global reach.
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By combining QNB’s regional expertise and customer network with TransferMate’s state-of-the-art payments infrastructure, both organizations are setting new standards in global banking efficiency. This partnership not only strengthens QNB’s commitment to digital transformation but also reaffirms its position as a forward-thinking leader in delivering innovative, future-ready banking experiences for clients around the world.
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Source : prnewswire