The Qatar Financial Centre Authority (QFCA), the regulatory and tax body of the Qatar Financial Centre (QFC), has entered into a strategic Memorandum of Understanding (MoU) with Doha Bank, one of Qatar’s most prominent commercial banks. This partnership aims to accelerate innovation in fintech and strengthen Qatar’s growing digital asset ecosystem.
Under the MoU, both organizations will collaborate across three key areas. The first focuses on expanding Qatar’s fintech and digital asset landscape by undertaking joint research, developing prototypes, and introducing pioneering financial solutions. The agreement also prioritizes support for fintech startups by offering technical expertise, fostering secure banking relationships, and simplifying the account opening process.
Additionally, the partnership will facilitate ongoing engagement between the two entities, featuring quarterly meetings, collaborative workshops, and knowledge-sharing initiatives. These efforts are designed to explore new opportunities and sustain the dynamic evolution of the fintech ecosystem in Qatar.
Yousuf Mohamed Al-Jaida, CEO of QFC, emphasized the importance of the collaboration, saying, “Our partnership with Doha Bank marks a step forward in establishing Qatar as a premier destination for fintech and digital asset development. By combining our strengths, we’re building a more innovative and secure environment where fintech companies can thrive and contribute to the future of financial services.
