Ahlibank has inked a five-year exclusive partnership agreement with payments giant Visa to support payments innovation in Qatar.

Under this partnership, the companies will jointly launch card-based payment products and create advanced technology solutions to bolster the payment experience for Ahlibank customers.

Visa will become the exclusive issuing partner of debit, credit, and prepaid cards to Ahlibank’s personal, premium, and private customers.

Visa Qatar country manager Sudheer Nair said: “We are delighted to extend our long-standing relationship with Ahlibank through this exclusive partnership agreement.

“This partnership underlines our commitment to growing the digital payments ecosystem in Qatar by creating new products and customer-centric solutions that deliver seamless, secure, and rewarding payment experiences for the country’s cardholders.”

Additionally, Ahlibank and Visa aim to drive digital payments growth in the country through data-led solutions.

They will use the latest platform to deliver differentiated products in the market and improve customer engagement leveraging Visa’s sponsorship assets.

Ahlibank will also utilize Visa’s risk and data solutions to drive operational efficiencies and reduce costs.

Commenting on the partnership, Ahlibank deputy CEO of business support, services, and human resources Mohamed Namla said: “This strategic agreement with Visa comes as part of our relentless efforts to deliver the latest and most innovative payment solutions to our customers.

“Supported by our long-term collaboration with Visa, Ahlibank has created payment offerings that are unmatched in value and scale, enhancing our customers’ experience.”

“We are also delighted to engage in this long-term partnership with Visa to leverage its global expertise and network and drive innovation to support the evolution of Qatar’s financial ecosystem.”