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Qatar: Two companies granted first licenses for digital payments

Step to contribute to the development of the fintech sector
Qatar: Two companies granted first licenses for digital payments
Logo of Qatar Central Bank

Qatar’s Central Bank (QCB) announced today the issuance of the country’s first licenses to two companies providing digital payment services.

The bank said in a tweet, “The licenses were granted to the companies Ooredoo Money and iPay – both of which are affiliated with Vodafone Qatar – to practice the activity of providing electronic payment services.

QCB stressed that the licenses are a first step toward bringing all companies that provide digital payment services under the bank’s supervision, in order to contribute to the development of the fintech sector and promote financial inclusion. 

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