QFCA & Mastercard sign MoU to boost financial services industry

QFCA & Mastercard sign MoU to boost financial services industry

Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a memorandum of understanding (MoU) with the global company Mastercard in order to create a framework for cooperation between the two parties.

Under the MoU, both parties will exchange experiences and resources, explore appropriate opportunities to create revenues, promote the development of renewable and sustainable products, and cooperate in education and training programs.

The two parties will also work to identify joint activities that can promote the development of emerging sectors and technologies, such as distributed ledger technology (DLT) and digital assets, including tokenization and regulated digital currencies, trade finance, environmental, social practices, and governance.

J K Khalil

General Manager

Master Card – MENA “Through this partnership, QFCA and MasterCard aim to build a promising future for the financial services industry, reinforcing their joint commitment to developing innovation in this sector and contributing to economic growth in their respective scope of work. This partnership is part of MasterCard’s efforts to support economic innovation through digital transformation that meets the needs of current and future generations. It also represents a milestone in the company’s continued commitment to building a strong, sustainable, and inclusive financial system.”

For his part, QFC’s