Telecom firm Ooredoo has signed a memorandum of understanding (MoU) with Visa to provide an improved and seamless payment experience for Visa cardholders and Ooredoo customers in Qatar.
The long-term strategic partnership is aimed at accelerating the adoption of safe, reliable, and convenient digital payments among consumers and merchants in the country.
Under the deal terms, Ooredoo and Visa will jointly provide virtual prepaid cards, which will be accepted at over 53 million merchant locations worldwide.
The partnership will also provide Visa’s QR-based ‘Scan to Pay’ solution for person-to-merchant transactions.
Consumers and merchants will also gain access to Visa Direct, which allows cardholders and businesses to push cross-border disbursements and remittances to cards faster.
The companies also agreed to collaborate on awareness initiatives and marketing campaigns to introduce the aforesaid domestic and cross-border payment solutions to Qatar customers.
Ooredoo Qatar chief consumer officer Fatima Sultan 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.”
Visa MENA general manager Marcello Baricordi 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.”