QNB Group has formed a strategic partnership with Ireland’s TransferMate, a provider of embedded B2B payments infrastructure, to expand global receivables and local account solutions for its corporate customers.

The partnership will allow QNB to integrate TransferMate’s technology into its platform, giving clients access to international multicurrency collections and local account capabilities.

Corporate customers will be able to invoice and receive cross-border payments in multiple currencies, with reduced transaction times and fees, improved cash flow management, and greater visibility and reconciliation.

“QNB Group constantly strives to provide its customers with new and innovative solutions to support their business needs. This platform enables them to receive international payments in multiple currencies so seamlessly, which is considered a game-changer for its clients,”

the bank said.

This is TransferMate’s first banking partnership in the Middle East and reflects its wider collaborations with major financial institutions and global brands.

The partnership is part of QNB’s ongoing digital transformation and supports its role in providing future-ready banking services.

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