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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

Qatarā€™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.Ā 

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