HE Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank announced that QCB has permitted telecom network operators, namely, Qatar Telecom "Qtel" and Vodafone Qatar to add mobile money transfer and payment services in direct collaboration with banks and exchange houses licensed by Qatar Central Bank.
The mobile payment feature will be made available and can be used to pay for services provided by public institutions, companies and other enterprises, knowing that this service is actually provided in agreement with telecom network operators.
The service will also enable consumers to transfer funds through their telecom operator locally, as well as abroad, in accordance with the stipulated limits.
Qatar Central Bank has studied the feasibility of this service in terms of its procedures and applications with the aforesaid companies as well as some banks to ensure the authenticity and transparency of the remittances and their conformity to the controls and regulations applied on payment systems in the State.
This service is the first of its kind in the region.