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QFC discusses emerging opportunities as Qatar moves to post-pandemic economic recovery phase

Qatar fintechs offer innovative solutions to customers

(MENAFN - Gulf Times) Innovative and cutting-edge fintech ideas by startups and entrepreneurs in Qatar are playing a key role in cementing Qatar s position as a leading fintech hub in the region and globally. According to QFC managing director, Financial Sector Office, Henk Hoogendoorn, several new startups are providing innovating solutions to customers, citing Cwallet Qatar s newest fintech solutions provider and the country s ‘first and only mobile application to facilitate banking via blockchain technology. Hoogendoorn said Cwallet enables access to financial services, such as payroll, payments, and remittances, targeting the low-income, high-volume market comprising of Qatar s expat community, including migrant and domestic workers, and micro-entrepreneurs, and small and medium-sized businesses.

BFQ to empower Bangladesh entrepreneurs in Qatar

BFQ to empower Bangladesh entrepreneurs in Qatar  13 Jan 2021 - 9:41 Ambassador of Bangladesh to Qatar, H E Md. Jashim Uddin (fifth right, front); Bangladesh Forum Qatar (BFQ) President, Mohammad Shafiqul Islam (fourth right, front), with other officials and members of BFQ during the Members’ Night at the Sheraton Grand Doha Hotel recently. The Peninsula Doha: The Bangladesh Forum Qatar (BFQ), a Qatar Financial Centre (QFC) registered business forum formed by Bangladeshi professionals and business people from diverse fields in Qatar, has announced its plans for the next two years which includes empowering Bangladeshi entrepreneurs in Qatar.  The forum celebrated its Members’ Night to mark the beginning of the term for the new executive committee (2021-22) at the Sheraton Grand Doha Hotel recently. The event was attended by the Ambassador of Bangladesh to Qatar 

Wave 2 of QFTH to cover more sectors: Official

 13 Jan 2021 - 9:33 Managing Director of the Financial Sector Office at QFC, Henk Jan Hoogendoorn, speaking at the Bangladesh Forum Qatar function. Lani Rose R Dizon/ The Peninsula The Wave 2 of Qatar FinTech Hub’s (QFTH) incubation and accelerator programmes, which are set to begin in March, will cover more financial technology (fintech) sectors, an official has said. The Wave 1 of the QFTH’s programmes, which focused on the payments sector, has attracted over 750 fintech startup applicants from 72 countries last year.  Speaking to The Peninsula on the sidelines of the Bangladesh Forum Qatar’s Members’ Night in Doha recently, Managing Director of the Financial Sector Office at Qatar Financial Centre (QFC), Henk Jan Hoogendoorn, said the QFTH is currently still in the process of accepting applications for the programmes. 

QFC making significant contribution to economy

 21 Dec 2020 - 9:02 The Peninsula Doha: The Qatar Financial Centre (QFC) has launched its economic impact assessment report entitled, ‘The Economic Impact of Qatar Financial Centre,’ which estimates the economic contribution of the QFC to Qatar, primarily with regard to the gross value added or total GDP contributions and employment across its licensed sectors.  The report takes a comprehensive approach to measuring QFC’s economic impact, estimated across three distinct types of contributions, including: impacts created directly by the QFC; indirectly through its local supply chain; and the induced impact, mainly achieved through employee spending such as on children’s quality education, upmarket housing as well as other domestic personal expenditures. 

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