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In a strategic move to drive financial innovation and digital transformation, Doha Bank and Ooredoo Money, powered by Ooredoo Fintech, have signed a Memorandum of Understanding (MoU) to accelerate fintech development in Qatar.
Announced at the Web Summit Qatar 2025, this collaboration aims to enhance digital banking services, boost financial inclusion, and strengthen the fintech ecosystem by leveraging advanced technologies for seamless and secure financial solutions.
Driving Fintech Growth Through Innovation
The partnership outlines a framework for cooperation, focusing on developing innovative fintech solutions that will support Qatar’s financial sector and overall economic growth.
Sheikh Abdulrahman bin Fahad bin Faisal Al Thani, Group CEO of Doha Bank, highlighted the significance of this initiative:
“Our partnership with Ooredoo Money represents a major step toward fostering innovation in financial services. Together, we aim to create a robust fintech ecosystem that supports the digital transformation of banking in Qatar.”
Sheikh Ali Bin Jabor Al Thani, Chairman of Ooredoo Financial Services and CEO of Ooredoo Qatar, emphasized the collaboration’s role in advancing fintech:
“We are excited to partner with Doha Bank to drive the fintech sector’s growth in Qatar. By combining our expertise, we will deliver cutting-edge financial solutions tailored to the evolving needs of our customers.”
Strengthening Financial Inclusion and Digital Banking
This partnership aligns with Ooredoo Fintech’s mission to redefine digital banking in the region. By integrating technological expertise and innovative financial solutions, both organizations are set to:
- Expand digital banking accessibility for businesses and consumers
- Enhance financial security through cutting-edge fintech solutions
- Accelerate financial inclusion by offering advanced digital payment services
Paving the Way for Future Fintech Developments
As Qatar continues its push toward a more digital and cashless economy, this collaboration between Doha Bank and Ooredoo Money is expected to unlock new opportunities in fintech, benefiting both consumers and businesses.
Through their shared commitment to financial innovation, the two entities aim to strengthen Qatar’s position as a fintech hub in the region, reinforcing the nation’s vision for economic growth and digital transformation.
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