The National Bank Renews Partnership with Mastercard to Enhance Digital Transformation in the Payments Sector in Palestine

SadaNews - In line with its vision to encourage the adoption of innovative and secure payment solutions and reduce cash usage, the National Bank (TNB) announced the renewal of its collaboration with Mastercard to develop its digital payment system and enhance its clients' access to these services easily, securely, and with the latest features offered by global technology.

Under the partnership, Mastercard will provide a broader range of digital banking products and services, including virtual and physical cards, exclusive services for cardholders, in addition to developing online digital payment capabilities. The bank will also benefit from Mastercard's cybersecurity solutions and the global company's expertise in payment technologies to enhance efficiency, innovation, and sustainable growth within its payment system.

Commenting on this, Salameh Khalil, CEO of the National Bank, said, "This collaboration embodies the National Bank's commitment to delivering sustainable banking experiences at a world-class level for its clients, and developing digital transformation tools in the Palestinian banking sector. This partnership aligns with our vision and commitment to enhancing financial inclusion in Palestine and supporting the national trend towards a cashless, technology-based economy to contribute to sustainable economic growth in Palestine."

For his part, Saud Suwar, Mastercard’s Director for Saudi Arabia, Bahrain, Jordan, and the Levant, said, "At Mastercard, we work to leverage the power of partnerships with key players to build strong, secure, and seamless payment systems in the region. We are pleased to strengthen our relationship with the National Bank to develop innovative payment solutions that meet the needs of the Palestinian market, accelerating the shift towards digital transactions and meeting the requirements of underserved populations."

Renewing this collaboration marks an important new milestone in the National Bank's journey towards enhancing financial inclusion and developing an advanced infrastructure for digital payments in Palestine.