Draft:SADAD Payment Solutions
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| Company type | Private |
|---|---|
| Industry | FinTech |
| Founded | 2018 |
| Headquarters | Doha, |
| Services | |
| Website | https://sadad.qa |
SADAD Payment Solutions (commonly known as SADAD) is a Qatari payment processor. It is chaired by Sheikh Mohammed bin Fahd bin Mohammed Al Thani.[1][2]
SADAD is connected to the country’s national payment infrastructure, including the National ATM and POS Switch (NAPS) and QPay; it also holds memberships with Visa and Mastercard.[3][4][5][6]
History
[edit | edit source]SADAD was founded in 2018.[2] It initially focused on online payment processing and later expanded its services to include additional electronic payment solutions, including point-of-sale solutions and and online invoicing systems.[7][8]
In 2020, SADAD partnered with the acquiring banks in the country to launch a payment acquiring platform following regulatory approvals by the Qatar Central Bank.[3] [5]
In 2022, SADAD and the Qatar National Bank (QNB) announced a partnership related to the development of electronic payment services in Qatar.[9]
In February 2025, SADAD and Mastercard announced a partnership focused on expanding digital payment acceptance in the country.[4]
Partnerships
[edit | edit source]SADAD has entered into partnerships with financial institutions and payment networks operating in Qatar. These include collaborations with local banks and international payment providers to support electronic payment services.[4][9]
Awards and recognition
[edit | edit source]In 2022, the company received the "SME Excellence" award for small and medium-sized enterprises from Qatar Development Bank.[10]
References
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