Qatar issues first digital payment licenses to fintech providers
Qatar as well as Saudi Arabia and the UAE are seeking to bolster their fintech sectors.
Qatar’s Central Bank granted the first-ever digital license payments in the country today.
The bank issued the licenses to Ooredoo Money and Vodafone Qatar’s iPay so they can provide digital payment services. The Central Bank hopes to oversee all companies providing digital payment services in an effort to “contribute to the development of the financial technology sector,” according to a statement.
