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.

Other News

BSUQ News 132 - Thumb

Qatar attracts most FDI in ME and meets key partners

The Investment Promotion Agency Qatar (IPA) revealed that Qatar attracted 71% of all Middle East investment in the second quarter of this year.

The report provides ...

Read more
BSUQ News 131- Thumb

More interest in social entrepreneurship in Qatar

Qatar is seeing an increase in social entrepreneurs dedicated to developing solutions to community based problems.

At a recent event, representatives of key stakeholders in the community of Qatari businessmen...

Read more
BSUQ News 130 - Thumb

Mega-solar power plants in Qatar for sustainability

Qatar Energy Renewable Solutions recently awarded a gigantic solar energy power plant contract to South Korea’s Samsung C&T.

The QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction...

Read more
BSUQ News 129 - Thumb

Qatar to build the most sustainable food supply chain

In keeping with the United Nations Sustainable Development Goals 2030, Qatar has revealed its ambition to build a sustainable food supply chain. This project is also inspired by the government’s goal...

Read more
BSUQ News 128 - Thumb

Launch of labour re-employment platform in Qatar

Qatar Chamber(QC) has successfully launched its revised labour re-employment platform targeting the private sector.

The digital platform is administered in collaboration and cooperation with the [Ministry...

Read more
BSUQ News 127 - Thumb

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new...

Read more
BSUQ News 126 - Thumb

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022”...

Read more
BSUQ News 125 - Thumb

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary...

Read more

Page Break