#Syria #Mastercard #QNB Group #Damascus

A New Era for Syrian Payments: First International Card Transaction

In a groundbreaking development, Syria has successfully processed its first international card payment in over 15 years, thanks to a collaboration between Mastercard and the Qatar National Bank (QNB) Group. Conducted on August 28, 2026, this historic transaction marks a significant shift in the nation’s payment ecosystem and paves the way for integrating Syrian businesses into the global economy.

The milestone transaction occurred following the technical connection of Syria's payment ecosystem to Mastercard's global network, enabling QNB Syria to carry out the inaugural point-of-sale transaction at an authorized local merchant. This step not only signals the reintroduction of international cards but also establishes a framework for future acceptance of international payments across the country.

The Governor of the Central Bank of Syria, HE Mohammed Safwat Raslan, highlighted the importance of this achievement, remarking, "The realization of the first international card transaction in Syria represents a crucial milestone in modernizing the country's payment ecosystem. This accomplishment demonstrates the significance of collaboration between public and private sectors in facilitating secure international payment acceptance, promoting trade, and supporting sustainable economic development."

Yousef Mahmoud Al-Neama, QNB Group's Chief Executive Officer, echoed these sentiments stating that the successful completion of this transaction marks a pivotal point in enhancing the payment sector in Syria. Providing international payment solutions to merchants will significantly improve customer experiences, accordingly transitioning the country to a more secure and contemporary digital payment environment.

This success indicates that the established infrastructure is operational for accepting Mastercard cards issued internationally, which is a definitive step toward wider adoption of secure digital payments across the Syrian market. Adam Jones, President of Mastercard’s West Arabia division, remarked, "We view this first transaction as a significant milestone in the evolution of the payment ecosystem in Syria. Working closely with the Central Bank and QNB Group, we are helping establish a more connected, secure, and inclusive payment environment."

Looking ahead, Mastercard remains committed to fostering a modern, secure, and inclusive payment ecosystem in Syria. The company plans to continue its collaboration with the Central Bank, financial institutions, and other ecosystem partners to promote digital payment adoption and further modernize the country's financial landscape.

In conclusion, this monumental step resonates beyond just financial transactions. It signifies Syria's reintegration into the global financial community, delivering broader access to international payment facilities and enhancing overall economic participation. The first international card transaction lays a promising foundation for the nation's economic recovery and growth in a more interconnected digital age.