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QNB partners with PayPal to boost E-Commerce in Qatar
2 July, 2013
QNB Partners with PayPal to Boost E-Commerce in Qatar
Online shopping and sending money has never been easier
July 2013, 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
“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.
To celebrate the launch of PayPal in Qatar, a number of special offers will be available
exclusively for QNB customers using PayPal. Offers will include discounts from MarkaVIP.com
and Aramex ShopandShip.com. QNB customers can also take advantage of free delivery on
purchases from ASOS.com, deals from eBay.com and DealExtreme.com.
Note to Editors
Details about terms and conditions of such offers could be found on respective websites of
MarkaVIP, Aramex Shop and Ship, ASOS.com, eBay and DealExtreme.
PayPal is the faster, safer way to pay and get paid online, via mobile devices and in store. The
service allows people to send money without sharing financial information, with the flexibility to
pay using their account balances, bank accounts, credit cards or promotional financing. With
more than 123 million active accounts in 193 markets and 25 currencies around the world,
PayPal enables global commerce. PayPal is an eBay (NASDAQ:EBAY) company. PayPal is
headquartered in San Jose, California and its international headquarters is located in
Singapore. More information about the company can be found at www.paypal.com.
About QNB Group
Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-owned
commercial bank, has an ownership structure split between the Qatar Investment Authority
(50%) and the private sector (50%).
QNB Group has steadily grown to be the largest bank in the Middle East and North Africa
Region and is by far the leading financial institution in the country with a market share
exceeding 45% of banking sector assets.
Bloomberg Markets, the leading provider of Business, Financial and Economic news has ranked
QNB as the World’s Strongest Bank in its 2012 ranking. The 78 banks in Bloomberg’s ranking
list included some of the largest and most renowned financial institutions in the world, with QNB
being the only bank from the MENA Region.
* source : eConsultancy
For more information, please contact:
Maha Mubarak Ali, QNB
Tel: +974 4497 5704
AbdulKarim Samaan, Grayling
Tel: +971 4 390 1639 / Mob: +971 50 363 3145