Tagged: qatar

Digital Transformation: Qatar Financial Center Regulatory Authority to Migrate Online Services to Microsoft Cloud

The Qatar Financial Center Regulatory Authority (QFCRA) recently revealed that it will be migrating its online services to the Microsoft Cloud in order to move forward with its digital transformation strategy. The move to Microsoft Cloud comes after the Middle Eastern nation’s Ministry of Transport… Read More

Mastercard Partners with Qatar Development Bank to Support Development of Nation’s Fintech Sector

Payments giant Mastercard has teamed up with the Qatar Development Bank (QDB) in order to support the ongoing development of the nation’s Fintech sector. Through the partnership, Mastercard and QDB will support the Qatar Fintech Hub (QFTH), which is a technology ecosystem that aims to… Read More

Qatar Is Supporting Fintech Development with Sustainable Solar Energy Initiatives, Local Firms Using Blockchain to Streamline Operations

Qatar has been ranked or classified as a high-income economy by the World Bank. Although the Middle Eastern country only has a GDP of around $200 billion (a lot less compared to many trillion-dollar economies), it’s home to just over 2.7 million people so the… Read More

Fintech Is Recognized as a Key Tool for Attaining Long-Term Development Goals for Qatar’s Financial Sector

  The Qatar Fintech Hub (QFTH), which supports financial technology service providers in Qatar and globally, confirmed recently that it has received applications from companies that are interested in establishing their operations in the Middle East. These companies are looking for a launch-pad or accelerator… Read More

Digital Banking: Central Bank of the Philippines Is Open to Exploring Investment Opportunities from Qatar to Streamline its Financial Sector

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly open to exploring potential investment deals from Qatar. According to a BSP representative, these deals will focus on digital banking and Fintech projects. Arifa A Ala, the MD at BSP, noted that… Read More

Qatar Ranked High on “Ease of Doing Business,” as Country Develops Fintech Friendly Policies, Launches Regulatory Sandbox

Qatar has substantial capital that has been invested by local entities into the nation’s economy, which is more diversified than most other countries in the Middle East. However, foreign direct investment (FDI) may still serve a key role in developing the nation’s knowledge-based economy and… Read More

Cooperation between Qatar and Hong Kong in Areas like Digital Commerce, Fintech will Strengthen Bilateral Relations, Doha Bank CEO Says

Dr. R Seetharaman, the CEO at Doha Bank, says that cooperation between Qatar and Hong Kong in key areas such as digital commerce, supporting startups, and the development of Fintech platforms may strengthen bilateral relations between the two nations. Seetharaman, whose comments came during a… Read More

Qatar Fintech Hub Continues to Receive Applications, As Nation Prepares for Cashless, Knowledge-based Digital Economy, Banking Exec Confirms

The Qatar Development Bank (QDB), an institution offering financial services, banking and loans for the development of the Middle Eastern nation’s industrial, tourism, educational, health care, (and other sectors), recently confirmed that it aims to accelerate the digital transformation of the financial services industry in… Read More

Yousuf Mohamed al-Jaida, the Chief Executive at Qatar Financial Center, Says Country Aims to Leverage Potential of Fintech Sector in Bangladesh, India, Pakistan

Qatar has a population of around 2.5 million, however, there are only around 300,000 to 400,000 Qatari citizens, as the country is home to more than 2 million expatriates. These expats are from all over the world, including the US, the UK, and other leading… Read More

UK Fintech Vesuvio Labs to Establish Business Operations in Qatar to Help Doha Startups Expand Operations Globally

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

Apps for P2P Money Transfers and Account Aggregation are Most Popular Fintech Solutions in the Middle East: Survey

Approximately 20% or one-fifth of bank account holders in the Middle East are now using Fintech solutions, according to a recent survey performed by Deloitte. The survey, which examined nine key markets in the Middle East, reveals that consumers in the region are quite willing… Read More

MENA Region Financial Hubs, the UAE and Qatar, Report Significant Increase in Digital Banking Activities during COVID-19

Abu Dhabi Islamic Bank (ADIB), a leading UAE-based financial institution, reports that it has experienced significantly increased levels of digital banking adoption across its retail and corporate services during H1 2020. As noted in a release, almost 60% of ADIB’s retail clients have been using… Read More

Qatar Now Ranked 2nd in MENA Region for Early-Stage Entrepreneurial Activity as Fintech Sector Expected to Grow Rapidly

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

Qatar Financial Center to Launch “Fintech Circle,” a Co-Workspace for Qualifying Financial Technology Firms Free of Charge for a Year

The Qatar Financial Center (QFC) Authority, a business and financial center based in Doha, recently confirmed that it remains focused on becoming a major hub for Fintech in the MENA and South Asia region. The Middle East region’s Fintech sector reportedly saw global investment increase… Read More

Qatar Aims to Serve as Fintech Hub for Middle East, will Support US Investments in the Region, Industry Profesionals Confirm

Fahad Al Dosari, Commercial Attaché for the Embassy of Qatar in the US, has argued that the Middle Eastern financial hub is one of the world’s most stable economies. Dosari, whose statements came during a virtual panel discussion that covered Qatar’s evolving Fintech sector and… Read More

Qatar Fintech Hub to Support Global Financial Services Providers with Establishing Operations in Middle Eastern Country

The Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is planning to encourage and support multinational Fintech firms to establish operations in the Middle Eastern country. The QFTH noted during a recent meeting that it’s working with several global Fintech hubs. The organization’s… Read More

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

Fintech adoption in Qatar is on the rise, as more consumers are making digital or online payments, instead of using cash due to COVID-19. The nation’s residents have been asked to follow safe distancing measures in order to prevent the further spread of the Coronavirus…. Read More

Qatar Central Bank Is “Actively Working” on Fintech Initiatives, and Exploring Blockchain Use Cases

Qatar’s central bank (QCB) has proposed a second strategic plan which involves establishing clear policies that aim to support venture capital funding and the development of SMEs, according to Sheikh Abdulla bin Saoud al-Thani, the governor at QCB. The Qatar Development Bank (QDB), a local… Read More

Fintech: The Gulf Cooperation Council (GCC) Region May Experience Significant Increase in the Use of Financial Technology Platforms Due to COVID-19

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

Digital Banking: Qatar’s Commercial Bank Introduces Employee Payment Card for Online Transactions, Remittances

Qatar-based Commercial Bank revealed on April 12, 2020, that it’s launching two new products that offer digital payment and remittance solutions. Joseph Abraham, Group CEO at Commercial Bank, confirmed during a video press conference that the bank has introduced the “CB Household Worker PayCard,” which… Read More

Send this to a friend