- A company based in the UAE is actively seeking to expand its business interests into the Syrian market.
- Visa and Mastercard enabled payments in Syria using a local app, applying a successful UAE model.
QNB Group processed the first international card payment, reconnecting Syria's payments ecosystem to the global network.
9 reports, 1 independent
Updated Sep 14
Gone quiet
Reached 5 outlets in its first 24 hours
- Reports
- 9
- Developments
- 2
- Repetition
- 89%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
QNB Group processed the first international card payment, reconnecting Syria's payments ecosystem to the global network.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Nirmala Sitharaman began international card transactions in Syria with 3M, utilizing Mastercard.Sub-event
Syria's payments ecosystem reconnected to the global network via Mastercard.1 source
Keep exploring
Part of
Visa and Mastercard enabled payments in Syria using a local app, applying a successful UAE model.Also in this story
- Visa and Mastercard are conducting first post-removal transactions in Syria, alongside efforts to rebuild state institutions and integrate into counter-terrorism initiatives.
- Visa Inc. and Mastercard are initiating international card transactions in Syria.
- International card transactions have resumed in Syria.
The entities involved
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QNB Group
Qatari commercial bank headquartered in Doha, Qatar
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Syria
country in West Asia
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Mastercard
American multinational financial services corporation
Related events
- PayPal and Mastercard dominate global payment segments.
- Türkiye is demonstrating strategic payment independence while grappling with issues related to dependence on foreign card schemes, including those of Mastercard.
- Visa Inc. and Mastercard integrate a payment network into their card portfolio.
- Mastercard and Circle are competing for dominance in the digital payment infrastructure.
- Mastercard is initiating card transactions in Syria, while the SCO Summit is held in Bishkek, Kyrgyzstan.