QFC attracts global FinTech firms
18 Feb 2021 - 8:26
Sachin Kumar | The Peninsula
Measures taken by Qatar Financial Centre (QFC) to attract FinTechs have begun yielding results. Many FinTech companies from across the world looking to enter Qatar and several have registered with QFC, reflecting the vibrancy of FinTech ecosystem in Qatar.
FinTech (or Financial Technology) is the term given to financial service firms whose product or service is built upon technology, often resulting in highly innovative, pioneering services.
“Qatar Financial Centre, a partner in developing Qatar’s FinTech sector, has set a priority to attract FinTechs operating in digital payments, Islamic FinTech, RegTech, InsurTech, PropTech and SME-enabling FinTech,” said a report on FinTech sector released by QFC, recently.