Visa has signed a Memorandum of Understanding (MoU) with telecom giant Ooredoo to introduce seamless payment experience for their customers in Qatar. The strategic partnership between both companies will enable them to accelerate the adoption and use of digital payments for both consumers and merchants in Qatar, media reports said.
Under the new partnership, Ooredoo and Visa together will offer virtual prepaid cards. It is reported that these cards will be accepted at Visa’s more than 53 million merchant locations worldwide. The proposed virtual prepaid cards are reloadable cards that will be safe and reliable for customers.
Fatima Sultan Al Kuwari, chief consumer officer at Ooredoo Qatar, told the media, “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. Giving consumers choice in how and where they pay is essential to our vision of enriching our customers’ digital lives, and we welcome the opportunity to work with more partners like Visa who share this vision.”
In fact, customers and merchants will get access to VisaDirect which aims to push cross-border disbursements and remittances to cards faster, media reports said. Ooredoo and Visa have agreed to further collaborate on awareness initiatives and marketing campaigns to boost cross-border payment solutions in Qatar.
Visa MENA general manager Marcello Baricordi, told the media, “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.”