Industry leader underpins need for strategic partnerships to enhance Qatar’s fintech sector

Industry leader underpins need for strategic partnerships to enhance Qatar’s fintech sector

Qatar - Forging strategic partnerships between essential stakeholders and major players in the country’s financial technology (fintech) industry would be instrumental in supporting diversification and innovation in Qatar’s financial sector. Michael Javier, CEO and founder of Doha-based fintech firm CWallet, emphasised the need for technology companies in the country to help meet the objectives of Qatar National Vision 2030 pillars, which include achieving a knowledge-based economy. “Having a robust fintech landscape in the country will open more avenues for entrepreneurs and opportunities for innovative solutions that would usher in high in-country value,” Javier told Gulf Times Wednesday. Javier also lauded the Qatar Central Bank’s (QCB) ‘Qatar FinTech Strategy 2023’, which was launched earlier in the presence of QCB Governor HE Sheikh Bandar bin Mohamed bin Saoud al-Thani and other officials and dignitaries. A Qatar News Agency (QNA) report on the launch ceremony stated that QCB’s vision for financial technology is based on development, diversification, and increasing the competitiveness of Qatar’s fintech and services sector through pioneer infrastructure, and providing solutions that positively affect customer experience. QNA also reported that Sheikh Bandar said “the strategy is based on a comprehensive study of the financial technology sector globally, as well as the