Global: Qatar Central Bank Approves Paywise (Dibsy) for Entry into Express Regulatory Sandbox

The Qatar Central Bank (QCB) has approved Paywise LLC, operating as Dibsy, for participation in its Express Regulatory Sandbox—marking a strategic step forward in the country’s evolving FinTech landscape.

Paywise (Dibsy), a provider of Open Banking-enabled payment initiation services, joins the sandbox initiative as part of the QCB’s broader commitment to advancing Qatar’s Third Financial Sector Strategy and national FinTech agenda. The move reflects ongoing regulatory support for innovation while ensuring the safe development and oversight of emerging financial technologies.

The Express Sandbox framework allows FinTech firms like Dibsy to test and refine innovative solutions under regulatory supervision, helping accelerate time-to-market while safeguarding financial stability and consumer protection.

While this designation grants Dibsy status as an Authorized FinTech Express Sandbox Participant, it does not constitute full licensing. Rather, it offers a controlled environment to validate its services in collaboration with the regulator.

The development underscores QCB’s proactive approach to nurturing a dynamic, secure, and forward-looking financial ecosystem in line with Qatar’s vision for a digitally empowered economy.