- 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.
Visa and Mastercard are conducting first post-removal transactions in Syria, alongside efforts to rebuild state institutions and integrate into counter-terrorism initiatives.
1 report, 1 independent
Updated Sep 7
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
Visa and Mastercard are conducting first post-removal transactions in Syria, alongside efforts to rebuild state institutions and integrate into counter-terrorism initiatives.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Visa and Mastercard enabled payments in Syria using a local app, applying a successful UAE model.Also in this story
- International card transactions have resumed in Syria.
- Visa Inc. and Fransabank are testing international transactions in Syria in cooperation with the acquiring financial institution.
- QNB Group processed the first international card payment, reconnecting Syria's payments ecosystem to the global network.
The entities involved
-
Syria
country in West Asia
-
Visa Inc.
American multinational financial services corporation
-
Mastercard
American multinational financial services corporation
Related events
- Iraq and Syria are seeking to bolster trade and security cooperation, including the transfer of Daesh detainees and limited oil exports.
- UN discusses recovery programs with Syrian officials.
- Strikes in northern Syria, diplomatic tensions, and invitations for Turkey to help rebuild the country.
- Syria is seeking global financial reintegration, discussing investment and membership with J.P. Morgan, AIIB, and the World Bank.
- Türkiye's intelligence agency discussed bilateral security cooperation with Syria, leading to SDF elements being integrated into Syrian state institutions.