Mobilution vritti August 2020
23
The quickly changing
landscape of Qatar
Fintech Industry
Qatar today has become a hotbed for fintech
innovation. Per Vision 2030 to make Qatar a
knowledge-based economy, the government
is pumping billions to attract smart talent and
provide a conducive environment for businesses
to set up their shops in the Qatar Financial Centre.
These companies are working on emerging
fields such as blockchain, AI and building
products for all sorts of segments such as SMEs,
retail, etc. In the next 5 years these companies
are set to revolutionize not only payments but
the entire Qatari banking industry.
And with the FIFA world cup just a couple of
years away, it would be interesting to watch
some of these companies coming out with
new products/offerings to make their mark
during the mega sporting event.
Exciting times ahead for Qatar fintech industry!
Author - Ankit Gohil is the Business Development Manager for Mobile Financial
Solutions at Comviva. He has completed his masters from Indian Institute of Management
Indore. Prior to his current stint, he worked with Oracle India and Virtusa. He is a technology
enthusiast with a keen interest in payments space.
R E F E R E N C E S
[1]
Commercial Bank launches Qatar's first mobile contactless payment wallet -
https://m.gulf-times.com/story/650514/Commercial-Bank-launches-Qatar-s-first-mobilecontactless-payment-wallet
[2]
Ahlibank to launch digital wallet this year -
https://thepeninsulaqatar.com/article/27/02/2020/Ahlibank-to-launch-digital-wallet-this-year