The Qatar Financial Centre (QFC) has signed a memorandum of understanding (MoU) with Doha Bank, marking a strategic step to accelerate fintech development and digital innovation within Qatar’s financial ecosystem.
The agreement establishes a collaborative framework to drive growth in Qatar’s fintech and digital asset sectors, focusing on joint research, prototype development, and the introduction of innovative financial solutions. It also aims to support fintech startups by providing technical guidance, simplifying account openings, and fostering secure banking relationships.
As part of the partnership, both entities will launch an engagement program featuring quarterly meetings, joint workshops, and knowledge-sharing sessions to identify new opportunities and sustain the momentum of fintech advancement.
Yousuf Mohamed Al-Jaida, CEO of QFC Authority, said the partnership will strengthen Qatar’s position as a regional hub for fintech and digital assets.
“Together, we will build the foundations for innovation that empower fintech firms to grow confidently and shape the future of financial services.”
Sheikh Abdulrahman bin Fahad bin Faisal Al-Thani, Group CEO of Doha Bank, emphasized that collaboration is essential to meet the global pace of change in financial technology.
“Our agreement reflects a shared commitment to advancing innovation and creating an enabling, inclusive ecosystem for financial technologies in Qatar.”
This collaboration marks a new chapter in Qatar’s financial transformation, aligning with the nation’s broader strategy to position itself as a leading fintech hub and a driver of digital economic growth across the region.
