QIIB signs MoU with FynPay to support bank’s digital transformation plan

QIIB CEO, Dr. Abdulbasit Ahmad Al Shaibei ; FynPay and PeyzBank Group Chief Executive Officer and Co-Founder, Rauf Azam with other officials at the MoU signing at QIIB headquarters. Doha, Qatar: In an effort to support its digital transformation plan and in alignment with the digital strategy implemented by Qatar Central Bank (QCB), Qatar International Islamic Bank (QIIB) has signed a Memorandum of Understanding (MoU) with FynPay, a Qatari FinTech company, aiming to explore a partnership that expands the Bank’s digital channels, local footprint and leverage FynPay to make an impact . The Memorandum of Understanding was signed at QIIB headquarters by Dr. Abdulbasit Ahmad Al Shaibei, Chief Executive Officer, QIIB, and Rauf Azam, Group Chief Executive Officer and Co-Founder, FynPay and PeyzBank. The signing ceremony was attended by H E Sheikh Mohamed bin Nasser Al Thani. Commenting on this occasion, Dr. Al Shaibei said, “We are pleased to launch our partnership with FynPay. The MoU aims to keep abreast of the significant technological advances in the banking sector in Qatar, in line with QCB’s efforts to implement its ambitious digital strategy.” He noted, “Our digital plans are extensive, and we are building upon what we have achieved in […]

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