Qatar, a New Destination for FinTech in the Region

Qatar, a New Destination for FinTech in the Region

Financial Technology (FinTech) firms across the globe are witnessing a surge in funding, new entrepreneurial talent, and policy makers’ attention. FinTech has disrupted financial services in an unprecedented way, using technology to offer a seamless experience to retail, SME, and corporate customers. The possibilities seem boundless, with FinTech leveraging everything from new mobile technology to AI and the Internet of Things to manage and move money seamlessly. This future may not quite be here, but Qatar is preparing to be at its forefront, establishing itself as a global center of financial technology. FinTech – A Booming Sector in Qatar FinTech was identified as a crucial tool to achieve long–term development for Qatar’s financial sector as part of the Second National Development Strategy 2018-2022. FinTech, as an industry, offers a significant opportunity to drive Qatar’s economic diversification, one of the four pillars of Qatar’s National Vision 2030. Regulations and support dynamics, such as access to funding, have been put in place bringing up an exciting future for this rising sector. In fact, the country is steadily becoming a regional FinTech hub with a determined growth agenda. From Qatar to the World Titled “ From Qatar to the World: A report on