“Can the largest bank in the Middle East and Africa become the region's dominant embedded finance and open banking infrastructure provider for corporate clients?”
Founded in 1964 as Qatar's first commercial bank, QNB Group has grown into the largest financial institution in the Middle East and Africa with a presence across 28+ countries. The bank has progressively digitized its corporate banking infrastructure, deploying iGTB's CBX platform across 14 countries (2019) and launching Qatar's first open banking API for corporate clients (2024). More recently, QNB has leaned into embedded finance by offering Banking as a Service through its Turkish subsidiary (QNB Turkey), partnering with TransferMate for cross-border B2B multicurrency collections, and pioneering card innovations such as Mastercard VCN and Visa Installment Solution in Qatar.
Qnb Group discloses QNB Group (self-operated) as its banking provider, according to the Embedded Finance Index 2026.
Qnb Group does not disclose a bank charter of its own; its banking services are provided through QNB Group (self-operated).
Qnb Group processes payments through QNBpay Ödeme Hizmetleri A.Ş. (self-operated).
Qnb Group's cards run on Mastercard.
Qnb Group uses TransferMate for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Qnb Group's stack: Payments / PSP (QNBpay Ödeme Hizmetleri A.Ş. (self-operated)); Banking / BaaS (QNB Group (self-operated)); Card network (Mastercard); Lending (QNB Business Credit Cards (revolving line of credit), SME Term Loans, Overdraft Facilities, Trade Finance / Document Credit Facility and 5 others); FX & payouts (TransferMate).
Qnb Group is founded in 1964 and headquartered in Doha, Qatar.
Get a read on where your own stack stands against Qnb Group and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.