June 4, 2025
Doha, Qatar – June 2025 – Qatar Islamic Bank (QIB), the country’s leading digital bank, has partnered with Visa, a global leader in digital payments, to streamline corporate cross-border business-to-business (B2B) payments to 120 countries worldwide through the adoption of the Visa B2B Connect platform.
This strategic partnership marks a significant leap forward in QIB’s ongoing mission to empower businesses with efficient, reliable, and secure international money transfer services. Leveraging Visa B2B Connect, QIB Corporate and SME customers will benefit from account-to-account transactions in over 80 currencies, with 24/7 service availability. The solution enhances predictability, transparency, and cost-effectiveness in global payment processing.
Mr. Tarek Fawzi, General Manager – Wholesale Banking Group, QIB, stated:
“In today’s fast-paced business environment, it’s essential for companies to have a banking partner that ensures swift and secure transactions. Our collaboration with Visa reinforces our commitment to providing reliable cross-border payment solutions. By embracing cutting-edge digital technology, we enable our clients to operate efficiently and competitively in global markets.”
With this launch, QIB becomes the first Islamic bank in Qatar to adopt Visa B2B Connect, further strengthening its leadership in digital financial innovation. The new service complements QIB’s existing outbound money transfer solutions, enhancing accessibility to global markets for businesses of all sizes.
Mr. Shashank Singh, Visa’s Vice President and General Manager for Qatar and Kuwait, added:
“Visa B2B Connect offers seamless, secure, and scalable global money movement solutions for financial institutions and their corporate clients. This partnership supports Qatar’s national vision for digital innovation in financial services, and we are proud to collaborate with QIB to bring this service to the Qatari and regional markets.”
The adoption of Visa B2B Connect simplifies complex international money transfers and provides businesses with greater control and insight into their transactions. This innovation not only helps streamline global operations but also empowers QIB customers to make informed, strategic decisions in a transparent environment.
