Qatar
QIB Launches Himyan Prepaid Card, a National Initiative by Qatar Central Bank
Qatar Islamic Bank (QIB) introduced a new Prepaid Card “Himyan”, the first Qatari national prepaid card, to all existing customers, residents, and visitors of Qatar allowing secure payments within Qatar. The first Qatari national prepaid card is an initiative of
Read More
Bahrain Fintech Bay Partners with Qatar Financial Center
A Memorandum of Understanding (MOU) has been signed between Bahrain FinTech Bay (BFB) and the Qatar Financial Center Authority (QFCA), ushering in a new era of collaboration in the fintech sector across the region. T This agreement establishes a comprehensive
Read More
Qatar Fund of Fund to Invest 1 Billion USD into Venture Capital Funds
Qatar Investment Authority (QIA) is set to launch Qatar’s first venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will invest more than USD 1 billion in international and
Read More
Qatar Will Launch Instant Payments in March
Qatar Central Bank (QCB) has called on the local banks to adjust their status as part of its preparations to launch the instant payment service (Fawran) in March 2024. The service is within the QCB‘s pioneering and innovative initiatives in
Read More
Switzerland and Qatar Continue Collaboration Discussion About Digital and Sustainable Finance
The second session of the Joint Economic and Financial Committee between the Ministry of Finance of the State of Qatar and the Swiss Federal Finance Department was held recently in Doha. HE Minister of Finance Ali bin Ahmed Al Kuwari
Read More
Qatari E-Wallet Fintech Startup Karty Secures $2 Millions Seed Round
KARTY, an emerging Qatari fintech startup, has announced the successful completion of a substantial seed funding round, amassing over $2 million dollars, which is equivalent to more than 7.3 million Qatari Riyals. This latest infusion of capital, raised from a
Read More
Temenos Powers Lesha Bank’s Wealth Management Transformation
Lesha Bank, a Qatar-based investment bank, has upgraded its core banking system to the latest platform offered by banking software company Temenos. This move marks a major step in enhancing the bank’s wealth management and investment banking services. The bank,
Read More
Qatar Central Bank Starts Receiving Applications for Loan-Based Crowdfunding Service Providers
Qatar Central Bank (QCB) has started to receive the applications for licensing and regulating the loan-based crowdfunding service providers in conformity with the strategy of financial sector and fintech in Qatar. The bank is permanently committed to regulating and developing
Read More
Qatari Banks Embrace Fintech, Digital Technology to Maintain Relevance
In Qatar, banking institutions are at the forefront of fintech innovation as they embrace new technologies, innovative payments methods and novel business models to keep up with changing customers’ preferences, a new report by global consultancy says. The 2023 Qatar
Read More
Qatar’s CQUR Bank Selects Finastra to Transform Corporate Client Online Banking
Finastra announcesd that CQUR Ban has partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra’s solutions, Trade Innovation and Corporate Channels, CQUR Bank will offer its corporate clients a new online banking portal for a
Read More