Qatar’s Largest Fintech Network, QPAY Joins the Qatar Financial Centre Platform
The Qatar Financial Centre Authority (QFCA) have today announced that there has been a 41% increase in new firms that have registered under the QFCRA for H1 (1st January to 30th June 2017) compared to H1 in 2016.
The newly registered firms come from a wide variety of sectors including information technology, education and training, events and PR, advisory and consulting.
The bulk of firms that have registered with the QFCA so far in 2017 are from Qatar as well as a vast increase in European firms. There have also been a number of firms from the MENA and Asia Pacific regions
Commenting on this positive development, Yousuf Al Jaida, CEO of the QFC Authority said:
We are pleased to welcome QPAY LLC to the QFC platform, a company that offers solutions that can help augment the output of SMEs in Qatar. Attracting and licensing Fintech companies that offer significant value to local businesses, such as QPAY, is part of the QFC's initiative in supporting and developing the financial services sector.
He added: "The growth in new firms registering is testament to the QFC platform being the best choice in the Middle East for firms looking to expand their business. I am positive that the second half of 2017 will be just as successful for the QFC as business continues as usual."
The QFC have in recent months conducted roadshows in Singapore, Hong Kong, London, Manchester and Germany, these events have also helped raise the QFC's profile to international audiences.