FinancialNews

Home

Investor Relations

Financial News

30-05-22

Qatra Central Bank to start new fintech scheme in Q4

(MENAFN) The Qatar Central Bank (QCB) is going to launch a new fintech plan throughout the fourth quarter (Q4) of 2022, as part of the numerous procedures being applied by the central bank to endorse a digital society as well as improved fiscal environment in the nation, QCB Governor H E Sheikh Bandar bin Mohammed bin Saoud Al Thani stated yesterday at the Euromoney Qatar Conference which took place under the patronage of the Premier and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani.

Co-hosted with the QCB, the occasion was also joined by the Minister of Finance H E Ali bin Ahmed Al Kuwari, the Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, along with other administrators, investment specialists, investors, as well as economists.

Stating about the QCB initiative to develop Qatar’s governing environment as the nation proceeds toward becoming a local front-runner in the sector of digital banking facilities, the Central Bank Governor stated that “As part of the current upgrade of the payment system software, a fully integrated payment platform will be implemented, with Centralised Infrastructure for nationwide real-time payment network.

Adding “Qatar Central Bank will set the necessary infrastructure to enable banks to accept contactless payments from the digital wallets, and in this regard, we have worked on designing a new Fintech strategy which we are planning to launch by the 4th quarter of this year”.

MENAFN30052022000045014228ID1104291220

Follow us

Terms & Conditions | Privacy & Security | Contact Us | Sitemap