Vritti August 2020 | Page 21

Mobilution vritti August 2020 21 ANKIT GOHIL Business Development Manager nd nd Qatar, a GCC nation with 2 largest GDP and 2 smallest area, boasts of 75%+ smartphone penetration and 98% mobile internet penetration. The cash has been and still remains the biggest means for transacting in the country. But things are now starting to change. Aligning with the government’s 2030 national vision of a cashless society, Qatar Central bank and other commercial banks are on an endeavour to revamp the way payments are done, replacing cash with digital.