Qatar’s thriving FinTech scene gets global attention

21/10/20

The State of Qatar has identified the FinTech Industry as one of the key elements in the transition to a knowledge-based economy. The National FinTech Strategy created or developed by Qatar Central Bank (QCB) provides a framework for the local start-up sector and is part of an ecosystem to attract international FinTech’s to the country.

As a result and in order to stimulate the local start-up sector, QCB partnered with the Qatar Development Bank (QDB) and the Qatar Financial Centre (QFC) to launch the Qatar FinTech Hub (QFTH). QFTH has the first ever specialized incubator and accelerator programmes in the country. With the aim and intention to attract entrepreneurs with innovative and cutting-edge FinTech ideas in areas or fields including, but not limited or restricted to e-payments, bitcoins and crypto currencies as well as processes automation and others.

In line with the commitment of the QFTH, they are collaborating and cooperating with national and international institutions including, but not limited or restricted to financial institutions, technology and service providers, payment networks, academic and education institutions, regulators as well as peers or in other words FinTech hubs from Singapore, United Kingdom, Turkey, India, Lebanon, Malaysia, Lithuania, Australia, Nigeria and Sweden. The first wave of the QFTH is engaging or involving Amazon, Microsoft, Visa, Mastercard and others as well.

Please click on the link and reach out to learn more about the Qatar FinTech Hub as well as other initiatives of the most relevant stakeholders in the State of Qatar and Business Start Up Qatar.