Doha Bank and PayTabs Group have announced a strategic partnership aimed at enhancing Qatar’s e-commerce landscape and advancing its cashless economy. This collaboration will provide value-added digital payment solutions to support small and medium-sized enterprises (SMEs), e-commerce platforms, and large corporations across the country. The partnership aligns with Qatar National Vision 2030, which seeks to promote innovation and financial inclusion in the digital economy.
Dimitrios Kokosioulis, Deputy CEO of Doha Bank, expressed the bank’s commitment to supporting the growth of Qatar’s digital economy. “At Doha Bank, we are committed to empowering businesses with secure, efficient, and innovative financial solutions that support the growth of Qatar’s digital economy. This partnership with PayTabs reflects our dedication to fostering local entrepreneurship, financial inclusion, and the continued evolution of digital commerce in the country,” he said.
For PayTabs Group, this partnership represents a key step in its expansion within the Middle East and North Africa (MENA) region. Eyad Musharbash, Regional Head and Operating Partner for PayTabs in the Levant and Southern Gulf, highlighted the strategic importance of the deal. “PayTabs Group will collaborate with Doha Bank to help build Qatar’s cashless economy by enabling SMEs, e-commerce platforms and corporate enterprises with secure, innovative and cost-effective digital payment solutions that align with the nation’s vision for a connected, inclusive future,” he stated.
This partnership reflects the shared vision of both organisations to make Qatar a regional hub for digital innovation. By working together, Doha Bank and PayTabs aim to offer secure, seamless, and scalable digital payment solutions that can support a wide range of businesses, from start-ups to established corporations. The initiative will help drive Qatar’s shift toward a more connected and inclusive digital economy, a key component of the country’s long-term development goals.
The collaboration also highlights Doha Bank’s ongoing commitment to fostering innovation and inclusivity, crucial elements of Qatar National Vision 2030. As the country continues to push for sustainable economic growth, initiatives like this partnership are expected to play a pivotal role in shaping the future of Qatar’s financial and digital ecosystems.
By partnering with PayTabs, Doha Bank is positioning itself as a key player in Qatar’s growing e-commerce sector. The move also supports the government’s broader goal of reducing dependence on cash transactions and promoting digital payments as a means of improving efficiency and financial accessibility for businesses and consumers alike.
This strategic alliance underscores the significant role that both Doha Bank and PayTabs will play in Qatar’s digital transformation. Their combined efforts are expected to contribute to the country’s economic diversification and further bolster its reputation as a leader in the digital economy. The partnership is a promising development for Qatar’s SMEs and corporate enterprises, offering them access to cutting-edge digital payment solutions that will enable them to compete in an increasingly globalised market.
For more insights on Qatar’s digital economy, read about how the National Bank of Fujairah and Finesse Global are advancing digital transformation in the UAE, or learn about Qatar’s realty sector and its investment potential.
