Masraf Al Rayan and KARTY partner to provide FinTech services

By Leandra Monteiro

Masraf Al Rayan, an Islamic bank in Qatar, announced the signing of a Memorandum of Understanding (MoU) with KARTY LLC, a startup FinTech company.

This strategic partnership represents a pivotal commitment by the bank to drive escalating advancements in the FinTech sector and deliver innovative digital solutions.

Through this collaboration, Masraf Al Rayan will join forces with Karty, pooling their expertise and resources to enhance developments in the financial technology sector, redefine the industry based on global advancements, and empower individuals with the knowledge and tools to make informed financial decisions.

Rana Al Asaad, General Manager of Retail and Private Banking at Masraf Al Rayan said, “We are pleased to announce our strategic alliance with KARTY LLC, which perfectly aligns with our unwavering dedication to promoting innovation and delivering exceptional services to our esteemed clients. By combining our comprehensive expertise with Karty’s advanced technology, our goal is to enhance the future of the fintech sector. We are fully committed to introducing significant improvements that will positively impact the lives of individuals and customers.”

Mohammed Suleiman, Co-founder of KARTY LLC shared, “This partnership represents a new chapter for Karty, and we are excited to embark on this journey with Masraf Al Rayan, a prominent bank in the financial sector. This collaboration is a significant milestone for Karty as we strive to empower individuals with the knowledge and tools to confidently manage their financial matters. We are confident that Masraf Al Rayan’s extensive expertise and resources will accelerate our growth and enable us to deliver even greater value to our clients. By joining forces, we aim to drive fintech innovation, enhance customer experiences, and shape the future of the financial landscape.”

The strategic alliance between Masraf Al Rayan and KARTY paves the way for a transformative journey towards reshaping the FinTech industry. The focus will be on developing revolutionary solutions in new technologies and empowering users to achieve financial well-being.