QFC and Doha Bank partner to drive Qatar’s FinTech growth

By Vriti Gothi

The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a Memorandum of Understanding (MoU) with Doha Bank to advance the nation’s FinTech ecosystem and drive digital transformation across the financial services sector.

This landmark agreement lays the groundwork for a collaborative framework designed to enhance Qatar’s position as a regional hub for financial technology and innovation. The partnership will focus on strengthening FinTech development, fostering digital asset innovation, and supporting the broader financial ecosystem through joint research, prototype development, and the introduction of new technology-driven financial solutions.

Under the terms of the MoU, QFC and Doha Bank will work together to provide technical guidance and support to emerging FinTech firms, streamline account-opening processes, and facilitate secure and efficient banking relationships. The collaboration will also include structured engagement through quarterly meetings, workshops, and knowledge-sharing sessions aimed at identifying new opportunities and advancing regulatory and operational readiness within Qatar’s growing FinTech landscape.

Yousuf Mohamed Al-Jaida, Chief Executive Officer of QFC, said, “This partnership with Doha Bank is a stride towards positioning Qatar as a leading hub for FinTech and digital assets. Together, we will strengthen the foundations for innovation that enable FinTech companies to grow with confidence and support the development of technological solutions that will define the future of financial services.”

Sheikh Abdulrahman bin Fahad bin Faisal Al Thani, Group CEO of Doha Bank, said, “Globally, the banking and financial industry is undergoing major transformations. This highlights the importance of collaboration at the institutional level to drive the development of innovative financial solutions in Qatar and keep pace with these ongoing changes. Our agreement today reflects our shared commitment to advancing financial technologies and innovation within an enabling, inclusive, and comprehensive ecosystem.”