19 Jan 2021 - 8:08
The Peninsula
Doha: The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has announced a significant increase of 63.7 percent in the number of new firms licensed on the QFC platform in 2020, compared to 2019. The QFC registered 334 firms in the year to December 31, 2020, compared to almost 200 firms registered over the same period in 2019.
Ending the year on a high note, the QFC maintained its business growth for the 8th consecutive year, despite the unprecedented global economic slowdown as a result of the COVID-19 pandemic.
The expansion of the QFC-registered firms, which represents a variety of industries, both financial and non-financial services, included a record increase of 139.5 percent in the digital sector. Given the tremendous opportunities that emerged in the technology and digital sectors amid the COVID-19 outbreak, and backed by the QFC’s fintech services provider license, the platform welcomed
Role of FinTech in economic recovery highlighted
24 Dec 2020 - 9:28
Yousuf Mohamed Al Jaida, Chief Executive Officer at QFC Authority and Arnaud De Bresson, Chairman at WAIFC.
The Peninsula
Doha: The World Alliance of International Financial Centers (WAIFC) has released a comprehensive report entitled, ‘Innovation and FinTechs in a Post-Pandemic World,’ highlighting the significant role that innovation and financial technology (FinTech) play in the global economic recovery from the COVID-19 pandemic.
The report seeks to provide a pathway toward sustainable financial innovation development by delving deeper into how the COVID-19 crisis has reshaped financial innovation. It also explores the rise of new technologies and an accelerated phase of digitalisation across the industry, as well as in what ways the FinTech industry will help in overcoming the current phase of economic uncertainty as the world prepares for a holistic recovery.
FinTech sector in Qatar grows amid pandemic
24 Dec 2020 - 9:17
File photo used for representation only.
Sachin Kumar/ The Peninsula
The demand for cashless and contactless payment has significantly increased after the outbreak of COVID-19, which led to imposition of restrictions to limit the spread of coronavirus. The rising demand for contactless payment in Qatar has created opportunities for growth for the FinTech (a short form for Financial Technology) sector.
“The pandemic has allowed FinTech payment propositions to flourish in the Qatari market, as the government officially promotes cashless transactions under the circumstances,” said a report released by The World Alliance of International Financial Centers. The report was compiled by experts at Qatar Financial Centre (QFC) and Luxembourg for Finance with the support of the WAIFC.
WAIFCs New Report Highlights the Role of Innovation and FinTechs in Post-Pandemic Economic Recovery - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
DGAP-News: World Alliance of International Financial Centers / Key word(s): Study results/Study
WAIFC s new report highlights the role of innovation and FinTechs in post-pandemic economic recovery
21.12.2020 / 09:00
The issuer is solely responsible for the content of this announcement.
Brussels, 21.12.2020 The World Alliance of International Financial Centers (WAIFC) has released a comprehensive report entitled, Innovation and FinTechs in a Post-Pandemic World, highlighting the significant role that innovation and financial technology (FinTech) play in the global economic recovery from the COVID-19 pandemic.
The report seeks to provide a pathway toward sustainable financial innovation development by delving deeper into how the COVID-19 crisis has reshaped financial innovation. It also explores the rise of new technologies and an accelerated phase of digitalization across the industry, as well as in what ways the FinTech industry will help in overcoming the current phase of e