First license issued by Qatar Central Bank to provide digital payment service

30 Aug 2022

News QCB
First license issued by Qatar Central Bank to provide digital payment service

To practice the activity of providing digital payment services, Qatar Central Bank issued the first license in the country for Ooredoo Money and iPay by Vodafone Qatar.

This is an initial step to include all companies providing digital payment services under the supervision of the Qatar Central Bank. This will contribute to the development of the financial technology sector and enhance financial inclusion.

Qatar Central Bank recently had launched the mobile payment service Google Pay in the country, reiterating that all global digital wallet services for cards such as Apple Pay, Samsung Pay, and Google Pay are now accepted in Qatar.

 

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