QNB, the World's Strongest Bank, has partnered with PayPal, the leading global online payment service provider, to give QNB retail customers more options for secured online purchases and other premium services from PayPal.
"PayPal is trusted throughout the world to enable millions of consumers to shop safely and conveniently online and through their mobile phone each day;" said Mr. Ali Rashid Al Mohannadi, Executive General Manager and Chief Operating Officer.
"This agreement allows our customers to enjoy greater flexibility and security when making online purchases with PayPal". He added.
As of today, QNB's retail customers can create a PayPal account through QNB website, link to it their payment card and immediately start using PayPal to shop safely and conveniently online through millions of websites worldwide.
QNB's retail customers can also top-up their own PayPal accounts through their QNB current account and can send money via PayPal to any email address through the QNB website.
Commenting on the partnership, Elias Ghanem, Managing Director for PayPal Middle East and North Africa, said; "QNB is the leading bank in Qatar and we are truly excited by signing our first bank partnership in MENA with QNB. This partnership is a major milestone on our exciting journey in the Middle East and North Africa, to enable global e-commerce across the region by offering consumers and merchants a safe and easy way to buy and sell online and through their smart phones".
"With 66% of consumers in MENA region using the internet to search for products and services* and only one third of them making online purchases, the offline to online opportunity is significant," added Mr. Ghanem.