Qatar International Islamic Bank (QIIB) has signed an MoU with fintech company FynPay to expand its digital channels and geographical footprint as part of the bank’s digital transformation strategy.
“Our digital plans are extensive, and we are building upon what we have achieved in previous years,” shared QIIB CEO Dr Abdulbasit Ahmad Al-Shaibei. “With this initiative, we hope to expand QIIB’s digital landscape by offering banking services at competitive prices to more customers, whether individual or institutional, who seek to benefit from our integrated services.”
Dr Abdulbasit explained that the bank and FynPay will explore applications, programs and technological solutions together to improve the QIIB’s operational efficiency and customer experience.
In line with Qatar Central Bank’s push for digitalization, QIIB has been investing in enhancing its online and digital architecture. As part of that plan, it has introduced various measures including launching virtual cards, instant personal finance through its digital banking channels and its contactless payment solution, QMP eWallet.