Qatar advancing in building sustainable fintech ecosystem

DOHA: Qatar has made significant strides in building a sustainable and competitive FinTech ecosystem. The key achievements include a 581 percent surge...

DOHA: Qatar has made significant strides in building a sustainable and competitive FinTech ecosystem. The key achievements include a 581 percent surge in FinTech funding in last year, the successful implementation of a regulatory sandbox, and the expansion of digital transaction payments projected to reach $8.5bn by 2030.

These efforts position Qatar as a growing regional fintech hub aligned with its National Vision 2030 goals. The fintech industry revenue is projected to reach $1.5 trillion in 2030, marking a fivefold increase.

This significant growth is primarily fueled by increased digital access worldwide, with internet and mobile connectivity playing a crucial role, Invest Qatar said in a recent report entitled ‘Qatar’s FinTech Ecosystem: Trends and Opportunities’.

The fintech market in Qatar thrives on strong funding, supportive policies and rapid innovation. The country’s readiness is driving growth and creating opportunities in key areas of innovation and adoption. Web Summit was hosted in both 2024 and 2025. As the world’s largest technology conference, the event further reinforced the country’s position as a hub for digital innovation.

During the event, Startup Qatar, an initiative of Invest Qatar, was launched to support startups, attracting over 500 firms and awarding $18m in funding to 15 global startups. Fintech startups ranked among the top five clusters of registered firms, highlighting the sector’s strong momentum.