Over 60 startups benefited from Qatar FinTech hub initiatives – The Peninsula

Over 60 startups benefited from Qatar FinTech hub initiatives – The Peninsula

Doha: Over 60 startups have benefited from the initiatives of the Qatar FinTech hub and the Qatar Financial Center has attracted many international financial technology companies to Qatar, said Governor of the Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al Thani.

The QCB Governor said that the State of Qatar has made advanced strides in the field of financial technology, praising the country’s development in this field thanks to the support from various parties which contributed to the development of infrastructure that can support efforts to make digitisation central to the economic transformation agenda.

This came in a speech delivered by the Governor before the participants of the annual conference organised by Visa Inc. to honor emerging companies, as part of the “Visa Everywhere” initiative for innovation in the field of financial technology and digital payments.

The QCB Governor stressed the importance of keeping abreast of developments in order to understand and address any gaps to protect financial stability through cooperation and exchange of experiences in a way that helps provide the best services, while ensuring the security and confidentiality of data.

He pointed to the QCB’s initiatives to support emerging companies in the field of financial technology,

including licensing to provide