TESS Payments’ FinTech Power Meets Alfardan Exchange Industry Leadership

Doha, Qatar — In a groundbreaking partnership set to revolutionize Qatar’s FinTech landscape, TESS Payments, an emerging force in digital payment solutions, has joined hands with Alfardan Exchange, Qatar’s trusted leader in remittance services. This partnership marks a powerful fusion of TESS’s innovative, agile approach to FinTech with Alfardan Exchange’s industry-leading legacy, offering a combined strength poised to set new standards in the world of payments and digital financial solutions.

As the financial industry undergoes a rapid digital transformation, the TESS – Alfardan Exchange partnership will provide comprehensive, high-impact payment solutions that address the evolving needs of consumers and businesses alike. Together, they will leverage cutting-edge technology and unmatched market insight to create an enhanced, secure, and seamless payment experience for Qatar’s dynamic market.

This collaboration aims to deliver revolutionary digital payment channels, allowing both institutions to expand their reach and impact, while also supporting Qatar’s national vision for digital innovation. “By combining our FinTech expertise with Alfardan Exchange’s longstanding industry leadership, we are setting a new benchmark in digital payments and remittance solutions for Qatar,” said Saad Ishfaq, CEO - TESS Payments.

Adding his thoughts, Bashar Al-Waqfi, CEO of Alfardan Exchange, commented: "This partnership aligns with our commitment to providing innovative financial solutions and continuing the journey of digital transformation and smart transactions that meet the evolving needs of our valued customers. With 'TESS,' we look forward to leading the digital financial future in the exchange sector in Qatar while continuing to deliver the trust and excellence in service that our customers expect. I would like to extend special thanks to the Qatar Central Bank for its ongoing support of the exchange sector in the country and for issuing regulations that encourage improved service quality and innovation."

The partnership signals an exciting future where FinTech innovation and established market strength come together to reshape the payment ecosystem in Qatar. Through shared commitment and aligned goals, TESS Payments and Alfardan Exchange are positioned to drive sustainable growth and enhance the financial experience for customers across the country.