Qatar Development Bank (QDB) has announced a strategic investment in Wahed, a global financial technology company that specializes in Shariah-compliant investing. The move underscores QDB’s commitment to fostering innovation and advancing Islamic finance. Wahed, founded in 2015, has grown into a major player in the… Read More
Read more in: Asia, Fintech | Tagged qatar, qatar development bank
In line with the Third Financial Sector Strategy issued by Qatar Central Bank, the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) have announced the launch of the QFC Digital Assets Framework, a comprehensive and innovative regime for the creation and… Read More
Read more in: Blockchain & Digital Assets, Asia, Politics, Legal & Regulation | Tagged digital assets, mena, middle east, qatar, qatar financial centre regulatory authority
The International Trade Centre’s (ITC) SheTrades Initiative, Visa, and the Qatar Fintech Hub (QFTH) operated by Qatar Development Bank (QDB) have unveiled the latest phase of their partnership aimed at bolstering youth and women entrepreneurs in Kuwait and Qatar. This collaboration introduces “Small Steps to… Read More
The Hashgraph Association (THA) has revealed a partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio. The goal is to support regulatory compliant DeFi solutions and digital assets leveraging Hashgraph. The Venture Studio will commit $50 million to startups over the… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged defi, hashgraph, hedera, qatar, qatar financial centre, switzerland, venture studio
Qatar’s innovative payment solutions provider, PayLater, has been granted access to the prestigious sandbox program of the Qatar Central Bank, heralding a significant shift in the financial landscape for consumers in Qatar. This development marks a major milestone for the company, signaling increased financial flexibility… Read More
Read more in: Fintech | Tagged bnpl, buy now pay later, payments, qatar, Qatar Central Bank
The Qatar Central Bank (QCB) has taken a significant stride in promoting financial innovation by approving the first cohort of ‘Buy Now Pay Later‘ (BNPL) companies for its regulatory sandbox, a pivotal part of the Third Financial Sector Strategy and the Fintech Strategy. This move… Read More
Read more in: Fintech, Asia | Tagged bnpl, payments, qatar, Qatar Central Bank
QNB Group, the leading financial institution in the Middle East and Africa, has announced the launch of “FAWRAN,” a revolutionary payment method designed to enhance the payment experience for its customers in Qatar. This innovative service allows for quick and secure transactions using just the… Read More
Read more in: Fintech, Asia | Tagged FAWRAN, fintech, middle east, payments, qatar, qnb
In a significant development for the remittance sector, TerraPay, a global cross-border payments network, has announced a partnership with Alfardan Exchange. Based in Qatar, Alfardan Exchange provides exchange services as well as commodities like gold and coins. This collaboration aims to leverage TerraPay’s advanced digital… Read More
Read more in: Fintech, Asia, Global | Tagged payments, qatar, remittances, terrapay
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 regional venture capital funds.” The… Read More
Read more in: Asia, General News, Global | Tagged fund of funds, mena, middle east, qatar, qatar investment authority, update, vc, venture capital
The Qatar Central Bank will reportedly introduce the FAWRAN instant payment service. Qatar Central Bank (QCB) has called on the domestic banking institution to adjust their status as part of its plans to introduce the instant payment service (called Fawran) in March of 2024. The… Read More
Read more in: Asia, Fintech | Tagged central bank, payments, qatar
Qatar Central Bank (QCB) has issued the Loan-Based Crowdfunding Regulation for the purpose of licensing and regulating loan-based crowdfunding activities and services in Qatar. The move forms part of QCB’s permanent endeavor to regulate and develop the financial sector in the country and is line… Read More
Read more in: Politics, Legal & Regulation | Tagged crowdfunding, loans, qatar, Qatar Central Bank, regulations
Qatar Investment Authority (QIA) has announced today an investment of ₹ 8,278 crore (approx. $1bln) into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (Reliance Industries). QIA’s investment “will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted… Read More
Read more in: Asia, General News, Global | Tagged india, investments, mena, mena region, middle east, minority stake, qatar, qatar investment authority, qia, reliance industries
Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), has announced the final list of FinTech Startups to join Wave 5 of its Incubator and Accelerator Programs. The series is part of QDB’s efforts “to support startups in their entrepreneurial journey through various programs… Read More
Read more in: Asia, Fintech | Tagged accelerator programs, financial services, fintech adoption, fintech trends, incubator, mena, mena region, middle east, qatar, qatar development bank, qatar fintech hub, qdb, qfth, startups
QNB Group, in collaboration with IBM (NYSE: IBM) and its ecosystem partner, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL have delivered an innovative, pioneering and engaging Digital Banking experience to its customers. IBM Consulting’s Business Transformation expertise, the IBM Garage methodology and… Read More
Read more in: Asia, Fintech | Tagged banking, Customer Experience, cx, digital banking, digital financial services, fintech adoption, fintech trends, ibm, mena, mena region, middle east, qatar, qnb, virtual bank
Builder.ai announces over $250M Series D led by QIA to push new boundaries for its AI powered composable software platform Strong customer tailwinds “continue to push Builder.ai’s vision of empowering everyone to build the software they need for their business or ideas and making it… Read More
Read more in: Asia, Artificial Intelligence | Tagged ai, amit anand, artificial intelligence, jungle ventures, qatar, qatar investment authority, qia
Pak-Qatar Takaful Group and BLINQ Solutions Private Limited have reportedly entered an agreement with a goal to streamline payment collections and assist existing and new clients with making payments from an extensive range of payment solutions. According to a statement made on December 26, Saqib… Read More
Read more in: Fintech, Asia | Tagged blinq, fintech adoption, fintech trends, mena, mena region, middle east, pakistan, payments, qatar
CWallet, a Qatar-based payment processing fintech startup, has teamed up with M2P Fintech, which claims to be one of Asia’s largest API infrastructure companies, in order “to enable prepaid and multi-currency cards in Qatar.” This partnership is “aimed at promoting financial technology intelligence, financial inclusion,… Read More
Read more in: Asia, Fintech | Tagged cwallet, digital transactions, fintech adoption, fintech trends, infrastructure, M2P Fintech, mena, mena region, michael javier, middle east, multi-currency cards, Payment Cards, payment processing, payments, prepaid cards, qatar
Deeptech & Banking company Tintra PLC has been awarded a Fintech Services License to operate in the Qatar Financial Centre (QFC), which is described as “a watershed moment as the company expands its build-out worldwide.” Tintra is using artificial intelligence and Web3 technologies “to build… Read More
Read more in: Fintech, Asia, Global | Tagged banking, Business Expansion, deeptech, fintech adoption, fintech trends, london, mena, mena region, middle east, operational license, qatar, qatar financial centre, qfc, richard shearer, tintra, tintra plc
Qatar Central Bank (QCB) has reportedly issued the nation’s first virtual payment licenses to Ooredoo Money and iPay by Vodafone Qatar. The announcement was made via social media on August 30, 2022. The update noted that the issuance was made to contribute to the development… Read More
Read more in: Asia, Fintech | Tagged central bank, fintech adoption, fintech trends, mena, mena region, middle east, qatar, Qatar Central Bank, QCB, virtual payments
The Communications Regulatory Authority (CRA) launched a public consultation about the “National Blockchain Blueprint for Qatar,” which was collaboratively “developed by CRA, Hamad Bin Khalifa University, and Qatar University, with the aim of receiving the views and comments of stakeholders and concerned parties in Qatar on… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged consultation, distributed ledger technology, dlt, mena, mena region, middle east, qatar
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