- 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
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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
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Syria
country in West Asia
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Visa Inc.
American multinational financial services corporation
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Mastercard
American multinational financial services corporation
Related events
- Minister Anas Khattab spoke on Syria's current development and security situation.
- Syria announced full cooperation with the IAEA and joined an international coalition against ISIS.
- Saudi Arabia announced a reconstruction package for Syria, investing billions in Damascus and Suwayda.
- The Syrian government addressed the return of individuals from conflict zones.
- UN and US hail Iraq's repatriation efforts from a camp located in the Syrian countryside.