Infrastructure enabling banks to accept payments from digital wallets underway: Qatar Central Bank Governor – The Peninsula

Infrastructure enabling banks to accept payments from digital wallets underway: Qatar Central Bank Governor – The Peninsula

Doha: Under the patronage of Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani, the 9th edition of the Euromoney Qatar Conference kicked off today.

In his speech during the opening ceremony, Governor of Qatar Central Bank (QCB) HE Sheikh Bandar bin Mohammed bin Saoud Al-Thani said that the Qatar Central Bank is establishing the necessary infrastructure to enable banks to accept payments from digital wallets and in this regard, the bank is working on designing a new strategy for financial technology and intends to launch it during the last quarter of this year.

He further stressed that - as part of the current update of the payment system program - a fully integrated payments platform will be implemented, including a central infrastructure system for an instant payments network at the state level.

He added that the economic activity in the State of Qatar today is much stronger than it was in 2020, as it occupies a distinguished position as one of the world's leading countries in the production and export of clean energy of liquefied natural gas.

Governor of Qatar Central Bank said that the country's economy has proven strength and resilience despite the economic challenges imposed by