Syria and “Mastercard” Strengthen Cooperation on Financial Infrastructure
The Central Bank of Syria announced the signing of a memorandum of understanding (MoU) with “Mastercard” to collaborate on developing the national payment infrastructure, exchanging expertise, and enhancing financial inclusion across the country.
The Central Bank stated that the partnership aims to expand access to essential financial services for millions of Syrians and reflects a shared vision to enhance resilience and equal opportunities through technology.
Central Bank Governor Abdel Qader Al-Hassrie said: “Mastercard, with its global network, advanced technological solutions, and extensive experience in the payments sector, is a strategic partner to support the development of a strong financial system.” He added that the MoU will provide a framework for knowledge exchange, strengthen payment infrastructure, and broaden financial inclusion.
Adam Jones, Regional President for the Western Arab region at “Mastercard”, stated: “The agreement reflects the conviction of the company and the Central Bank that developing inclusive financial systems requires partnership, innovation, and local engagement.” He added that the agreement will pave the way for training programs, workshops, and joint initiatives to support the Syrian economy and services for individuals and businesses.
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